River Edge Redevelopment Zone (Illinois)

From Open Energy Information

Last modified on February 12, 2015.

EZFeed Policy

Place Illinois

Applies to States or Provinces Illinois
Name River Edge Redevelopment Zone (Illinois)
Policy Category Financial Incentive
Policy Type Corporate Tax Incentive, Personal Tax Incentives, Property Tax Incentive, Sales Tax Incentive
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy
Active Policy Yes
Implementing Sector State/Province

Program Administrator IL Department of Commerce and Economic Activity
Primary Website http://www.illinois.gov/dceo/ExpandRelocate/Incentives/taxassistance/Pages/riversedge.aspx

Last Review 2014-06-20
Last Substantive Modification
to Summary
Information Source http://www.epa.state.il.us/about/org/bureau-of-land.html


The purpose of the River Edge Redevelopment Program is to revive and redevelop environmentally challenged properties adjacent to rivers in Illinois.

The River Edge Redevelopment Zone Act authorizes DCEO to designate zones in four cities – Aurora, East St. Louis, Elgin and Rockford.

The River Edge Redevelopment Zone (RERZ) Program is designed to achieve its goals through the use of several incentives authorized by State law. Two of these – sales tax exemption and property tax abatement (if offered in the zone) – are administered by the local zone administrators. The others involve tax incentives that may be claimed on your Illinois Income Tax filing.

Policy Contact

Department Department of Commerce and Economic Development
Division Bureau of Business Development
Address 500 East Monroe
Place Springfield, Illinois
Zip/Postal Code 62701
Phone 217-785-6169

Authorities (Please contact the if there are any file problems.)

Authority 1: 65 ILCS 115
Date Effective 2006-07-12