Chicago Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
How To Get: Chicago Building Materials Tax Exemption Certificate
Hello Chicago Friends-
In doing my own due diligence (which involves calling the city ;) I have not gotten a totally clear answer as to whether or not we would qualify for tax exemption with regards to the building materials we purchase. Our current GC has one but he got it a long time ago. I'm sure rules and stipulations have changed. Can anyone shed some light on this? I understand these 3 categories below exist but am not sure if we fit into one of the 6 zones or not. (Their online maps are kind of cryptic. At least the ones I found on their website are...)
1. 6 Enterprise Zones - city specific
2. River Edge Redevelopment Areas
3. High Impact Business Area
From Publication 139
"Contractors, sub-contractors, and other entities participating in a real estate
construction, rehabilitation, or renovation project in an Enterprise Zone or a River
Edge Redevelopment Zone – or for a state-certified High Impact Business – may
purchase qualified building materials for the project exempt from sales tax."
Thanks for any help!