Enterprise Zone T.I.F. Districts

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