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IDOR Releases New Process Instructions for Sales Tax Exemption Certificates

EFFECTIVE June 17, 2013

Contractors and other entities participating in a real estate construction, rehabilitation, or renovation project in an Enterprise Zone or a River Edge Redevelopment Zone – or for a state-certified High Impact Business – may purchase building materials for the project exempt from sales tax.

Beginning July 1, 2013, the building materials exemption will be available only to those contractors or other entities with a certificate issued by the Illinois Department of Revenue.

This bulletin provides a brief description of the requirements. For complete information about what you need, visit their website at tax.illinois.gov and click on the “Business Incentives Reporting and Building Materials Exemption Certification” link.

pdfIDOR Informational Bulletin146.78 KB

pdfEZ-1 Building Materials Exemption Certification28.18 KB

pdfBMEC Administrtor Letter.pdf78.47 KB

 

 

Letter from Craig Coil

September 28, 2012

First let me apologize for the delay in getting the program to you for our upcoming conference in Springfield... The IEZA Board of Directors and I have been working closely with a number of groups to make sure we can present accurate information about the revised Illinois Enterprise Zone Program.

The 2012 Enterprise Zone Extension Legislation makes major changes in the way Zones are selected, managed, and reported. While the end goal of long term extension was achieved, the implementation of the program modifications will change the way administrators operate the program at the local level, the way companies report activity in each zone and the way the Department of Commerce and Economic Opportunity and the Department of Revenue gather and evaluate information.

The goal of the Fall 2012 IEZA Conference is to begin to outline the issues we will all need to address, recognizing this is a fluid and dynamic process and that some processes are still in development. So if you already have a Zone, use a Zone or want a new Zone, I hope you will join us November, in Springfield to learn more.
Thank you and hope to see you soon!

Craig Coil

2012 Fall Conference Brochure and Agenda

IDOR Reporting Deadline for Zone Administrators

Online Reporting Due March 30, 2013
IDOR Reporting Deadline
             
Enterprise Zone and River Edge Redevelopment Zone Administrators are now required to annually collect and compile information regarding job creation, job retention and capital investment and submit to the Department of Revenue. Although businesses have been granted an extension until May 20, 2013 to file Enterprise Zone reports pursuant to Public Act 97-905, Zone Administrators aren't as lucky. The deadline to complete this online reporting is March 30, 2013.
 
Within the last week, the Department of Revenue issued letters to Zone Administrators of record with a PIN number and your Enterprise Zone name. This is the information needed to get into the system in order to complete the forms.
 
Please keep in mind, businesses have been granted an extension to May 29 to file reports.
 
In the event that you find fields that are problematic or questionable, please contact me and I will refer those questions directly to the Department of Revenue.
 
For your convenience, below is the link to the reporting website:
www.tax.illinois.gov  (please click on the EZ Reporting tab, then New Business Incentives Reporting Information link).

Governor Quinn Signs Enterprise Zone Extension Legislation!

gov-quinnAfter nearly three years of discussion and negotiation, the Illinois Enterprise Zone Association (IEZA) today congratulated Governor Pat Quinn (D-Illinois) on signing Senate Bill 3616.  The bill, sponsored by Sen. Michael Frerichs (D-Champaign),Sen. Pamela Althoff (R-Crystal Lake), Rep. John Bradley (D-Marion) and Rep. David Harris (R-Mt. Prospect), passed the General Assembly unanimously and is the culmination of months of negotiation and bi-partisan cooperation.  The end result adds up to 25 years to the life of Illinois Enterprise Zones and modernizes a critical economic development tool which has gone essentially unchanged since its inception in the late 1980’s.    

Read more: Governor Quinn Signs Enterprise Zone Extension Legislation!

Illinois Enterprise Zone Association
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Bourbonnais, IL 60914
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