Generally speaking, tax incentives, local incentives, and you may fund developed getting individual property owners, since bulk of provides is to own low-earnings and you will the us government.
25% condition rehabilitation income tax borrowing having rehabilitating historical, income-producing services during the Lake Boundary Redevelopment Areas (merely Aurora, East St. Louis, Elgin, Peoria, and you can Rockford). Click here for more information on the fresh new Lake Boundary Historical Tax Borrowing from the bank.
25% state rehab income tax credit for rehabilitating historic, income-promoting services. Eligible costs have to be obtain ranging from . Click here having information on the latest Illinois Historic Conservation Taxation Borrowing from the bank.
Put out towards the , brand new declaration The latest Perception away from Historical Tax Borrowing from the bank Money inside the Illinois learned that the 2 county tax-borrowing from the bank apps (Illinois Historic Conservation Taxation Credit while the Lake Boundary Historical Tax Credit) try effective financial-creativity and business-increases units to own Illinois within the local and condition levels.
