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Illinois EDGE Tax Credit proposals should be submitted by Nov. 10, 2016

The Illinois Economic Development for a Growing Economy (EDGE) Tax Credit is scheduled to sunset on Dec. 31, 2016. No new EDGE agreements may be made after Dec. 31, 2016, but existing agreements will remain in effect. To date, the state of Illinois has not provided any indication that it will renew or enact a replacement for the credit upon expiration. The Illinois Department of Commerce and Economic Opportunity (DCEO), which administers the program, recently has communicated that any company with a project that may qualify for the EDGE Tax Credit should submit a proposal to DCEO no later than Nov. 10, 2016.

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