IL SB1593

Adds a new High Impact Business category (subdivision F) requiring $500 million minimum investment, creation of 125 full-time jobs, and establishment of a fertilizer plant producing anhydrous ammonia and nitrogen fertilizer products

Wind energy businesses (subdivision E) designated as High Impact Businesses qualify only for Retailers' Occupation Tax Act exemptions and are exempt from Illinois Prevailing Wage Act penalty revocation provisions

Changes property tax abatement threshold in the Property Tax Code from 500 acres to 225 acres for commercial or industrial development projects

Businesses designated as High Impact Businesses must certify in writing that investments would not occur without the tax credits and exemptions provided by the designation

Department of Commerce and Economic Opportunity has 90 days to notify applicants of their High Impact Business qualification determination