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City of Winchester TIF District
Developers may work with the City of Winchester to take advantage of property tax abatement for their Project. Contact the City of Winchester.
City of Winchester
Category: Tax Incentives, Scott County Incentives
More Tax Incentives, Scott County Incentives
Created in 2003, the TIF District is a geographic area centered around downtown Jacksonville with many areas falling within the City’s Enterprise Zone as well. The TIF provides funding for redevelopment project costs within its downtown district based on new incremental property tax revenue.
Economic Development for the Growing Economy is a tax abatement through the State Department of Commerce and Economic Opportunity (DCEO). The incentive provides a corporate income tax credit equal to jobs created times the average wage times the personal income tax rate times ten years...
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Established in 1990 to encompass downtown Jacksonville and the City’s northeast section, the Enterprise Zone was expanded in 2002 to include the industrial area along the Illinois River south of Meredosia. The Jacksonville/Morgan County Enterprise Zone provides property tax abatement on a seven-year sliding scale, exempts sales tax on building materials and offers several income tax incentives.
Created in 2000, the TIF District is a geographic area along U.S. Route 267 and bordered by Interstate 72 within the Village’s limits. The TIF District utilizes new incremental property tax revenue to help pay for infrastructure necessary in hopes of stimulating additional private-sector investment.
WIEDA is a general development agency for the counties of Adams, Brown, Cass, Fulton, Hancock, Henderson, Mason, McDonough, Morgan, Pike, Schuyler, Scott and Warren. The Authority’s financial and supportive powers enable it, with the written approval of the Governor of the State of Illinois, to...
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