Who must file the High Impact Business report?

You must file this report if you are a business that receives incentives because your business is a High Impact business. Incentives may be income tax, utility taxes, sales tax, or property tax.

Utility tax incentives only apply to

  • High Impact businesses certified under Section 9-222.1 of the Public Utilities Act and located in federally designated Federal Trade Zones or Sub-Zones, and
  • High Impact businesses certified under Section 9-222.1A of the Public Utilities Act and registered with the Illinois Department of Revenue to self-assess Electricity Excise Tax.

Which year’s income tax return do I use if I’m a fiscal year filer?

You should use the most recently completed tax year for which the business has filed a return.

What information will I need to know to file my High Impact Business Report?

Click on the links below to obtain more information about each required piece of information.

Income Tax Incentives

Utility Tax Incentives

Sales Tax Incentives

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