Tax Credits - Property Improvements

Provider Amount Contact
Industrial Projects
Cook County Property Tax Incentives - Class 6(b)
The Class 6b classification is designed to encourage industrial development throughout Cook County by offering a real estate tax incentive for the development of new industrial facilities, the rehabilitation of existing industrial structures, and the industrial reutilization of abandoned buildings. 6(b) incentives are renewable after 10 years.

Assessed at:
10% of market value for 10 years
15% in Year 11
20% in Year 12
312.603.7529
Environmental Contamination
Cook County Property Tax Incentives - Class C
The Class C classification is designed to encourage industrial and commercial development throughout Cook County by offering a real estate tax incentive for the remediation of contaminated properties including abandoned property or vacant land. Commercial properties are not renewable. Industrial properties are renewable after 10 years.

Assessed at:
10% of market value for 10 years
15% in Year 11
20% in Year 12
312.603.7529
Accessibility for Disabled
Federal Disabled Access Credit
The Disabled Access Credit allows small businesses to take an annual tax credit for making their businesses accessible to people with disabilities. A business that for the previous tax year had either revenues of $1,000,000 or less or 30 or fewer full-time workers may take advantage of this credit. The credit is available every year and can be used for a variety of costs, including accommodations for individuals who are blind or visually impaired.

Up to $5,000 (50% of eligible access expenditures/yr between $250-$10,250)  
Accessibility for Disabled
Federal Barrier Removal Tax Deduction
This credit allows a business of any size to expense up to $15,000 per year for “qualified architectural and transportation barrier removal expenses.” In addition to improving wheelchair accessibility, this credit can also help businesses to remove physical barriers for people who are blind or visually impaired, for example, by adding Braille and large print signage.
Up to $15,000  

 I Want To