ENTERPRISE ZONE

The following are State of Illinois Enterprise Zone Benefits:·        

• Building Material Sales Tax Exemption
• Machinery & Equipment /Pollution Control Facilities Sales Tax Exemption
• Utility Tax Exemption
• Investment Tax Credit
• Jobs Tax Credit
• Dividend Income Deduction
• Interest Deduction
• Contribution Deduction

In addition to the State Enterprise Zone Benefits, the following local Enterprise Zones Benefits are also available: 

• Bartonville/Bellevue/Elmwood/West Peoria/Peoria County Enterprise Zone – Property Tax Abatement, Prioritized Governmental Procedures, Fee Waiver, and State Financing Application Assistance.
• City of Peoria Enterprise Zone – Property Tax Abatement for all except school districts, Industrial Revenue Bond, and State Financing Application Assistance.
• City of Pekin Enterprise Zone – Property Tax Abatement, Fee Waiver, Industrial Revenue Bond, and State Financing Application Assistance.
• Village of Morton Enterprise Zone –Prioritized Governmental Procedures, 50% Fee Waiver, and State Financing Application Assistance.
• City of East Peoria Enterprise Zone – Property Tax Abatement, Partial Fee Waiver, and State Financing Application Assistance.
• City of Washington Enterprise Zone – Property Tax Abatement, 50% Fee Waiver, Industrial Revenue Bond and State Financing Application Assistance. 

Tax Increment Financing (TIF) Districts

The following communities have a TIF District:

• City of Peoria
• Peoria County
• Bartonville
• Chillicothe
• Deer Creek
• Delavan
• Minonk
• Pekin
• Peoria Heights
• Princeville
• Washburn
• Washington
• West Peoria
• Creve Coeur
• Tremont
• North Pekin
• Goodfield