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)].

(Source:  Amended at 46 Ill. Reg. 1834, effective January 11, 2022)