Please see the fact sheet (above) for your prospective enterprise zone to learn more about that zone’s property tax abatement program.Ī state investment tax credit of 0.5 percent is allowed a taxpayer who invests in qualified property in a zone. To receive this abatement, property owners must obtain building permits and submit Enterprise Zone 'Project Information Forms' for their renovation or improvement projects. Properties in Tax Increment Finance (TIF) Districts are not eligible for property tax abatement. Property owners that improve and/or renovate industrial, commercial, or manufacturing property within the Gateway Commerce Center, Riverbend Enterprise Zone, or Southwestern Madison County Enterprise Zone are eligible to receive varying lengths of property tax abatement on the assessed value of the improvements and/or renovations. The Zone Administrator processes the certificates in conjunction with the Illinois Department of Revenue who issues them through emails. To receive this sales tax exemption, contractors or businesses must provide retailers 'Purchaser Statements” that identify their renovation or improvement projects as being within the Zone and a certification from the Madison County Discovery Enterprise Zone Administrator that the proposed project is located within the Zone and is eligible to receive the Sales Tax Exemption. The Southwestern Madison County Enterprise Zone is comprised of portions of Granite City, Madison, Venice and unincorporated Madison County.Ī sales tax exemption on building materials used to improve and/or renovate real property for qualified commercial, industrial or manufacturing projects within the Enterprise Zone is available to individuals and businesses that purchase their building materials from Illinois retailers or suppliers. The Riverbend Enterprise Zone is comprised of portions of the municipalities of Alton, Bethalto, East Alton, Hartford, Roxana, South Roxana, Wood River and unincorporated Madison County. The Gateway Commerce Center Enterprise Zone is comprised of portions of the municipalities of Edwardsville and Pontoon Beach, as well as unincorporated areas of Madison County.

Jacob, Maryville, Troy, and unincorporated Madison County. The Madison County Discovery Zone is comprised of portions of the municipalities of Collinsville, Glen Carbon, Highland, St. The Madison County Discovery, Gateway Commerce Center, River bend, and the Southwestern Madison County Enterprise Zones are specific areas that have been designated by the State of Illinois, Madison County and participating municipalities to provide special tax incentives to encourage businesses to locate, expand and retain their operations with the enterprise zones. Madison County Employees attend the ribbonĬutting at the Pontoon Beach Fairfield Inn Resources for Homeless and Homeless Prevention.Housing Rehabilitation and Construction.Park & Recreation Capital Improvements Low Interest Loan Program.Illinois Home Energy Assistance Program (IHEAP).Economic Development Technical Assistance Program.Community Services Block Grant (CSBG) Program.

Community Development Block Grant (CDBG) Program.Training & Employment Opportunity - Metro Area.Request or Review Madison County Public Records - FOIA.

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