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Regional Economic Development Incentives IRS Section 179 Deduction
IRS Section 179 Deduction: The Internal Revenue Service (IRS) allows increased Section 179 deductions in federal empowerment zones. <read more>
Empowerment Zone Tax Exempt Bonds
The zone has the ability to allocate up to $ 60 million in EZ bonds to a local unit of government or the Illinois Finance Authority who can issue the bonds on behalf of a qualifying business project. <read more>
Empowerment Zone Employment Credit
Businesses may earn credits against Federal taxes up to $ 3,000 <read more>
Work Opportunity Tax Credit (WOTC)
Organizations may earn up to $ 2,400 against Federal taxes. <read more>
Illinois Enterprise Zone Benefits
There are two enterprise zones located in the Southernmost Illinois Delta Empowerment Zone. They are Mound City/Mounds/Pulaski County and the City of Cairo/Alexander County.
<read more>
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