SB3286 Summary

• Increases the tax credit for wages paid to ex-felons from 5% to 25% of qualified wages, with the total credit per ex-offender increasing from $1,500 to $2,500, effective for tax years beginning January 1, 2017.

• Requires qualified ex-offenders to have completed a job skills training program or job readiness program under the Illinois Public Aid Code to be eligible for the wage credit.

• Establishes "investment zones" designated by the Department of Commerce and Economic Opportunity in areas where median household income is less than 125% of the federal poverty level, with an associated 25% site remediation tax credit for qualifying remediation costs.

• Expands building materials sales tax exemptions to include both enterprise zones and the new investment zones.

• Allows the Environmental Protection Agency to review and approve remediation costs for both River Edge Redevelopment Zones and investment zones for purposes of claiming tax credits.