zone administrator reporting requirements
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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 ; [email protected]