River Edge Redevelopment Zone

Peoria River Edge Redevelopment Zone Application
River Edge Redevelopment Zone (RERZ) Application

This application is for the purpose of applying to the Illinois Department of Revenue (IDOR) for a Certificate of Eligibility for Sales Tax Exemption and Property Tax Abatement.

Per Illinois State Statute, project owners are required to submit a RERZ Project Close Out Report to the City of Peoria no later than 60 days after a project is completed. The Project Close Out Report is located HERE. Failure to submit a RERZ Project Close Out Report will result in ineligibility of future participation in the RERZ program and benefits.

River Edge Redevelopment Zone Application

This section is to obtain information about the "Project Owner." It is typically filled out by the general contractor, property owner, or business owner of a development project. This section needs to be completed only once per project.
Project Owner's Business Name*
Full Legal Name
Owner Name*

First NameLast Name
Phone Number*
Please enter a valid phone number.
Business Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Email*
example@example.com
Email of Property Owner*
example@example.com
Federal Employer Identification Number (FEIN)*
Unemployment Insurance Number (UIN)

Project Information
Project Name*
Project Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Parcel ID#*
Can be found at: https://gis.peoriacounty.gov/PeoriaCountyGIS/
Building Permit Number
Upload Building Permit

Cancelof
Building Permit Issue Date

MonthDayYear
Date
Full Time Equivalent (FTEs) currently working at project location*
FTE jobs are calculated by dividing the total hours worked by persons at the business location in the last complete calendar year by 1820 hours. Include all hours worked at the business location by all salaried and hourly employees.
Project Description*

0/50000

Cost Estimates
Estimated Project Completion Date*

MonthDayYear
Estimated building materials costs*
Estimated labor costs*
Estimated total project cost
Will the conclusion of the project increase the number of employees employed at this location?*

YesNo
How many FTEs will this project create (additional FTEs only)?*

Contractor and Subcontractor Information (Section 7)

Each contractor or subcontractor purchasing materials needs to fill out a Section 7 document to receive their own sales tax exemption certificate.
Will the Project Owner's business purchase materials using the Building Materials Tax Exemption certificate?*

YesNo
Project Owner's contract amount
Project Owner's contract amount that consists of building materials qualified for exemption
Percentage of total contract amount that consists of building materials qualified for exemption
Additional Contractors or Subcontractors
Please upload one copy per contractor or subcontractor purchasing materials, or provide them with the link below and the Project Name: "{projectName}"

https://peoria.jotform.com/232116384305045

They will receive their certificate via the email they provide.
RERZ Form Section 7 Upload

Multiple files can be uploaded in this section .
Cancelof

Check to request sales tax exemption on building materials

Sales Tax Exemption on Building Materials
Are you requesting Property Tax Abatement? (Properties in TIF District ineligible for Property Tax Abatement)*

Requesting Property Tax AbatementDeclining Property Tax Abatement
Note: Some project owners may opt to decline incentives to avoid requirements that are tied to such incentives. For example, a project owner may not want to pay prevailing wages on their project that is budgeted over $50,000 (the prevailing wage threshold). They thus forgo receiving the sales tax exemption incentive through the River Edge Redevelopment Zone, but will still receive the property tax abatement.
I, {ownerName}, do solemnly affirm that to the best of my knowledge, the entered information is correct and this application complies in all respects with the designating ordinances of the River Edge Redevelopment Zone as adopted by one of its designating local governments (City of Peoria) where the project is located.

I further affirm that I have read and understand the RERZ Sales Tax Exemption Incentives and Requirements and River Edge Redevelopment Zone Property Tax Abatement Incentive and Requirements, and that given such requirements, I wish to explicitly apply for the listed local incentives. All other River Edge Redevelopment Zone incentives will also be available to the property owner, as applicable.
I furthermore affirm and agree to provide information on investments, certified payroll (if applicable), and jobs created or retained as from time to time may be required for closing out of the project. *

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Peoria River Edge Redevelopment Zone Application

River Edge Redevelopment Zone Application

Project Information

Cost Estimates

Contractor and Subcontractor Information (Section 7)

Additional Contractors or Subcontractors