Illinois Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 04/19/2012
Program Overview:
| State: |
Illinois |
| Incentive Type: |
Sales Tax Incentive |
| Eligible Renewable/Other Technologies: |
Wind |
| Applicable Sectors: |
Commercial |
| Amount: | 100% exemption of Retailers' Occupation Tax for building materials incorporated into the facility |
| Equipment Requirements: | Wind facility must have a nameplate capacity of at least 0.5 MW
Building materials must be physically incorporated into the building in order to qualify for exemption |
| Start Date: | 07/01/2009 |
| Web Site: |
http://www.commerce.state.il.us/dceo/Bureaus/Business_Development...
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Authority 1:
Date Enacted:
Date Effective:
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ยง 20 ILCS 655/5.5
06/30/2009
07/01/2009
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Summary:
A business establishing a new wind power facility in Illinois that will not be located in an Enterprise Zone* may be eligible for designation as a "High Impact Business." After receiving the designation, the facility is entitled to a full exemption of the state sales tax (6.25%) and any additional local state sales taxes for building materials incorporated into the facility. The project must involve a minimum of a $12 million investment creating 500 full-time jobs or an investment of $30 million causing the retention of 1,500 full-time jobs.
A wind power facility must be new (or an expansion of an existing facility) and placed in service on or after July 1, 2009. It must generate electricity using wind turbines 500 kW or greater. The associated transmission lines, substations and related equipment are included in the definition of a wind power facility.
A wind power facility must apply to the Department of Commerce and Economic Opportunity (DCEO) for designation as Wind Energy Business within the High Impact Business Program. Applications are accepted throughout the year; once an application is received, DCEO will respond within 30 days. Once designation is granted, the business will be eligible for the sales tax benefits. As a condition of designation (and to receive the tax benefits), a Wind Energy Business will be required to comply with the Prevailing Wage Act for construction labor.
*Locating within an Enterprise Zone offers businesses a different package of incentives and makes them ineligible for designation as a High Impact Business.
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Contact:
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Information - High Impact Business
Illinois Department of Commerce and Economic Opportunity
Bureau of Business Development
620 East Adams Street
Springfield, IL 62701
Phone: (217) 785-6145
Phone 2: (800) 785-6055
Web Site: http://www.commerce.state.il.us/dceo
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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