Incentive Programs

Tax Credits and Incentives

Investment Tax Credit
Tax credit for businesses involved in mining, manufacturing and retailing that make qualified investments.

High Impact Business Program
Provides tax credits and exemptions to businesses that make a minimum eligible investment of $12 million which cause the creation of 500 full-time jobs, or make a $30 million investment that retains at least 1,500 full-time jobs.

Enterprise Zone Program
Provides various state and local tax incentives to businesses that make qualifying investments in designated Enterprise Zones, to stimulate economic activity and neighborhood revitalization.

Training Expense Credit
Elective state income tax credit, which is calculated as 1.6% of the costs (amounts paid and accrued) which private employers incur in training their employees.

Manufacturer's Purchase Credit
Tax credit for businesses that purchase manufacturing machinery and equipment.

Research and Development Tax Credit
A 6.5% credit for increasing research activities in Illinois.