65 ILCS 115/10-4

Current through Public Act 103-1056

Section 65 ILCS 115/10-4 - Qualifications for River Edge Redevelopment Zones

An area is qualified to become a zone if it:

(1) is a contiguous area adjacent to or surrounding a river;

(2) comprises a minimum of one half square mile and not more than 12 square miles, exclusive of lakes and waterways;

(3) satisfies any additional criteria established by the Department consistent with the purposes of this Act;

(4) is entirely within a single municipality; and

(5) has at least 100 acres of environmentally challenged land within 1500 yards of the riverfront.

Any River Edge Redevelopment Zone may have an overlapping geographic area with an Enterprise Zone. If a taxpayer is located in an area with an overlapping Enterprise Zone and River Edge Redevelopment Zone, the taxpayer must elect, in the form and manner required by the Department, from which program it would like to request benefits.

65 ILCS 115/10-4

Amended by P.A. 103-0595,§ 80, eff. 6/26/2024.

Added by P.A. 094-1021, § 10-4, eff. 7/12/2006.