IL SB1408

Amends the River Edge Redevelopment Zone Act to change the annual reporting deadline for businesses receiving tax incentives from March 30 to April 30 of each year.

Businesses in River Edge Redevelopment Zones must report total tax benefits received broken down by incentive category to the Department of Revenue.

Failure to file required reports results in ineligibility to receive incentives, with a 60-day cure period for first-time offenders.

Department of Revenue must aggregate tax, job creation, and capital investment data by zone and report to the Department by May 1 of each year (excluding company-specific proprietary information).

Act takes effect immediately upon becoming law.