Enterprise Zone Exemption Change
Illinois Department of Revenue publication FY 2003-03 Enterprise Zone Exemption Change, Informational Bulletin To: Retailers and Servicepersons. Effective August 6, 2002, the deduction for the sale of building materials purchased for incorporation into real estate in an enterprise zone has changed. The change to this exemption consists of two parts. The deduction applies only to qualified sales of building materials. Second, the ordinance that governs the enterprise zone into which the building materials will be incorporated may neither require nor prohibit the purchase of building materials from any retailer or class of retailers in order to qualify for the exemption.