Wed, Jan 25, 2017
On Friday, January 20, 2017, Illinois Governor Rauner signed Senate Bill 0513 which extends the Economic Development for a Growing Economy (EDGE), a state incentive program existing since 1999, until April 30, 2017.
EDGE provides tax credits to companies seeking to locate or expand operations in Illinois. Its benefits can last for up to 10 years and amount to $10-30K per job. To qualify for EDGE, a pre-application must be approved and an agreement executed prior to commencement of job creation or project investment.
The Illinois EDGE tax credit program was created in 1999 and temporarily expired on December, 31, 2016, but is now available through April 30, 2017. According to the 2015 EDGE Tax Credit Program Annual Report, key accomplishments of the program include:
Our valuation experts provide valuation services for financial reporting, tax, investment and risk management purposes.
Built upon the foundation of its renowned valuation business, Kroll's Tax Service practice follows a detailed and responsive approach to capturing value for clients.