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Illinois Governor Suspends Business Incentive Tax Credits

In a press release on June 2, Illinois Governor Bruce Rauner announced the suspension of “all future incentive offers for business attraction and retention.” The move is part of the Governor’s attempt to deal with a multi-billion dollar budget deficit.

Effective Immediately: Immediate suspension of all future incentive offers to companies for business attraction and retention.

This includes EDGE Tax Credits, Large Business Attraction Grants, Employer Training Investment Program Incentive Grants and Prime Sites Grants.

Will defer application approvals for film tax credits and High Impact Business designations.

All commitments previously made in any of these programs will be honored.

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