City of Momence

Momence Enterprise Zones

 

Enterprise Zone Incentives *

  • Tax Exemptions

Sales tax exemption on building materials
Machinery and equipment sales tax exemption
Utility excise tax exemption

  • Tax Credits

Investment tax credit
Jobs tax credit

  • Income Tax Deductions

Dividend income deduction
Interest deduction
Contribution deduction

  • Local Incentives

Property tax abatement

* Enterprise Zone benefits vary depending on the type of project, amount of investment, number of jobs created or retained, and location.

How to Apply:

To receive incentives, eligible businesses must complete an Enterprise Zone Verification Form, a Certificate of Eligibility for Sales Tax Exemption Form, and Tax Abatement Form, if applicable.

For more information visit the Economic Alliance of Kankakee County website.

Also available on the website are downloadable Enterprise Zone applications, frequently asked questions and other relevant information to help your business grow.

 

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