IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 22 Jul 2016 | Removal date: open ended
Still in force

Tax or social insurance relief

The Illinois Economic Development for a Growing Economy (EDGE) program, administered by the Illinois Department of Commerce and Economic Opportunity, is designed to offer a special tax incentive to encourage companies to locate or expand operations in Illinois when there is active consideration of a competing location in another state. The program can provide tax credits to qualifying companies, equal to the amount of state income taxes withheld from the salaries of employees in the newly created jobs. The nonrefundable credits can be used against corporate income taxes to be paid over a period not to exceed ten years.

In 2016 the department announced three agreements with Amazon for facilities in the state: One dated July 22 for $42 million, related to a facility in Joliet; another dated December 15 for $12,899,250 (Aurora); and the third dated December 15 for $27,825,937 (Monee).

AFFECTED COUNTRIES

MAP
TABLE
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AFFECTED SECTORS AND PRODUCTS

623 Mail order or Internet retail trade services

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