City of Momence

An Old Border Town

City of Momence and surrounding areas

Enterprise Zone Incentives *

  • Tax Exemptions

Sales tax exemption on building materials
Machinery and equipment sales tax exemption
Utility excise tax exemption

  • Tax Credits

Investment tax credit
Jobs tax credit

  • Income Tax Deductions

Dividend income deduction
Interest deduction
Contribution deduction

  • Local Incentives

Property tax abatement

* Enterprise Zone benefits vary depending on the type of project, amount of investment, number of jobs created or retained, and location.

How to Apply:

To receive incentives, eligible businesses must complete an Enterprise Zone Verification Form, a Certificate of Eligibility for Sales Tax Exemption Form, and Tax Abatement Form, if applicable.

For more information visit the Economic Alliance of Kankakee County website at:
www.kankakeecountyed.org

Also available on the website are downloadable Enterprise Zone applications, frequently asked questions and other relevant information to help your business grow.

Click on map for full sized image.