Illinois Administrative Code
Title 14 - COMMERCE
Part 524 - RIVER EDGE REDEVELOPMENT ZONE PROGRAM
Subpart F - TAX INCENTIVES
Section 524.510 - List of Available Tax Incentives
Current through Register Vol. 48, No. 12, March 22, 2024
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)].
