Illinois – Enterprise Zone Emergency Regulations

SALT Report 2893 – The Illinois Department of Commerce and Economic Opportunity has repealed, reenacted, and amended the emergency regulation governing the enterprise zone tax credits that are available for corporate and personal income tax, sales and use tax, and utility tax.

The purpose of the amendments was to implement changes to the Enterprise Zone Act as required by PA 98-109 and PA 97-905.  The changes to the new emergency rules are as follows:

  • There are several changes to the criteria and method used to score an application for new zone designation, as well as new application deadlines, and
  • There are changes to the criteria for qualifying as a high impact business. Specifically, a fertilizer plant may be now designated as a High Impact Business if certain conditions are met.

For purposes of the credit a “fertilizer plant” means a newly constructed or upgraded plant utilizing gas used in the production of anhydrous ammonia and downstream nitrogen fertilizer products for resale.

For Further Information

Illinois General Assembly – 14 Ill. Adm. Code 520 Emergency Rules

Illinois Department of Commerce and Economic Opportunity – Enterprise Zone Program

Illinois Register – Volume 37, Issue 33