zone administrator reporting requirements

April 25, 2013

Paul Berks, Deputy General Counsel Illinois Department of Revenue

}  Purpose }  Implementation }  Frequently Asked Questions }  Compliance

}  Are Tax Incentives Furthering Public Policy Goals?

}  Do The Benefits of the Tax Incentives Outweigh the Costs?

}  GOOD GOVERNMENT PROJECT: The State Should Know Whether Its Programs Are Working and What They Cost.

}  How do you calculate full time employees? ◦  Take all the people who work at the site (include

employees, contractors, hourly, salaried, etc . . .) ◦  Divide total hours worked by 1820

}  How do we account for residential projects? ◦  You don’t because you can’t – no tracking, owners

not always aware of benefits ◦  NEXT YEAR: building material exemption

certificates include a reporting requirement

}  What is a “retained job?” ◦  Retained jobs means any full-time equivalent job

preserved at a specific facility or site, that was threatened to be lost by a specific and demonstrable threat, that is specified in the application for development assistance.

} Over 2/3 compliance rate – Thank you.

} 31 Zone Administrators have not filed reports

} Centralia Area

} Chicago Heights

}  Chicago I }  Chicago II }  Chicago III }  Chicago IV }  Chicago V }  Chicago VI

} Des Plaines River Valley } East St. Louis Area

} Elgin

} Ford Heights/Sauk Village } Freeport/Stephenson County

} Greenville/Smithboro

}  Jackson County }  Lawrenceville/Lawrence County

}  Macoupin County }  Massac County

} Maywood } Montgomery County

} Perry } Quad Cities

} Robinson/Crawford County } Salem/Marion County

} Saline County

} South Beloit/Rockton/Winnebago County

} Streator Area } Summit/Bedford Park

} Vandalia/Fayette County/Brownstown

} Waukegan/North Chicago } Western Illinois Economic

Development Authority

}  Tax.illinois.gov (look for “EZ Reporting” Tab) }  E-mail address }  Last Resort: Call or e-mail me: Paul Berks,

(312)814-4680 ; paul.berks@illinois.gov