Certain areas within Mendota are within an Enterprise Zone that offers a number of benefits to companies locating within this designated area. Some of these benefits are summarized below.
Property Tax Abatement — 50% for 5 years
The local government and other taxing districts have agreed to provide an abatement of their portion of real estate taxes, which normally would have been assessed, for eligible industrial or commercial projects. This abatement is calculated on the "increased assessment" amount beginning with the tax year in which the new, increased assessment amount would be levied.
Sales Tax Exemption —
A combination of state and local sales tax exemptions for a total of 6.5% on all construction materials purchased for a project.
Investment Tax Credit
This allows a 0.5% credit against the state income tax for investments in machinery, equipment and real property located in the Zone.
Employment Tax Credit
This allows a business a $500 credit on Illinois Income Tax for the business for each eligible job created in the zone.
Building Permit Fee Waived
Sewer and Water Tap Fee Waived
Mendota Zoning map
For an application, please contact the City of Mendota:
Phone: 815. 539-7459