Galesburg Enterprise Zone

The Illinois Enterprise Zone Act (20 ILCS 655) contains provisions for the Illinois Enterprise Zone program that is administered by the Illinois Department of Commerce and Economic Opportunity (DCEO). The GEZ has an emphasis on development and diversification of commercial, industrial, multi-family or upper story residential in the B3 zoning district. The GEZ is a geographically defined area that covers approximately 3.4 square miles Galesburg Enterprise Zone Requirements may Include: Real Estate Tax Abatement - all local taxing bodies are currently participating to provide a 100% property tax abatement on any increase in the equalized assessed value resulting from a project. The abatement is for a 10-year period, or until the expiration of the enterprise zone, and is not to exceed $1 million abated per taxing body. Improvements can be in the form of new construction, substantial renovation or expansion of an existing building. The abatement is only given if the project creates jobs and does not reduce the prior assessed valuation. State and Local Sales Tax Exemption - on building materials purchased within the State of Illinois and incorporated into real property located in the enterprise zone. Construction Permit Fee Waiver - PERMITS ARE REQUIRED, but the fee is waived for building, demolition, electrical, sign, plumbing or heating permits (City Inspection Division); Water Service Tap Fees and Street & Terrace Opening Fees (City Public Works Department); and Sanitary Sewer Tap Fees (Galesburg Sanitary District).《伊利诺伊州企业区法案》（20 ILCS 655）包含了由伊利诺伊州商务与经济机遇局（Illinois Department of Commerce and Economic Opportunity，DCEO）管理的伊利诺伊州企业区项目的相关条款。盖尔斯堡企业区（Galesburg Enterprise Zone，GEZ）重点关注B3分区内商业、工业、多户住宅及上层住宅的开发与多元化发展。该区域为地理划定范围，总面积约3.4平方英里。盖尔斯堡企业区的扶持要求涵盖以下内容：不动产税减免：目前所有地方税务机构均参与此项政策，对因项目产生的均衡评估价值增值部分给予100%的物业税减免，减免期限为10年或直至企业区有效期届满，且单个税务机构的减免总额不得超过100万美元；改造项目可采用新建建筑、对既有建筑进行大规模翻新或扩建的形式，且仅当项目创造就业岗位且未降低此前的评估价值时，方可享受此项减免。州与地方销售税豁免：对在伊利诺伊州境内采购并纳入企业区内不动产的建筑材料免征销售税。建筑许可费豁免：虽需办理相关许可，但以下类型的许可费用可予以免除：市监察部门核发的建筑、拆除、电气、标牌、管道或供暖许可，市公共工程部门收取的供水接驳费及街道、露台开挖费，以及盖尔斯堡卫生区收取的卫生下水道接驳费。