Ill. Admin. Code tit. 14 § 524.510

Current through Register Vol. 49, No. 2, January 10, 2025

Section 524.510 - List of Available Tax Incentives

Several tax incentives are available to businesses in a River Edge Redevelopment Zone:

a) Investment Tax Credit found in the Illinois Income Tax Act (IITA) [35 ILCS 5/201(e) and (f)] ;

b) Environmental Remediation Tax Credit found in the Illinois Income Tax Act [35 ILCS 35/201(h)(1)(n) ];

c) Dividend Income Deduction found in the Illinois Income Tax Act [35 ILCS 5/203(a)(2)(J), (b)(2)(K), (c)(2)(M) and (d)(2)(K)] ;

d) Interest Income Deduction found in the IITA [35 ILCS 5/203(b)(2)(M)] ;

e) Building Material Sales Tax Exemption found in the Retailers' Occupation Tax Act [35 ILCS 120/2-54] ; and

f) River Edge construction jobs tax credit found in the Illinois Income Tax Act [35 ILCS 5/221 (a-2)].

Ill. Admin. Code tit. 14, § 524.510

Amended at 38 Ill. Reg. 3350, effective January 15, 2014

Amended at 46 Ill. Reg. 1834, effective 1/11/2022