Cook County New Affidavits Requirements For Class 6b And Class 8 Incentives Suspended


On Wednesday, January 17, 2018, 24 Mayors from throughout Cook County testified in front of the Cook County Business and Economic Development Committee, to repeal the new Cook County Incentives Ordinance 74-71(b)(2), which implemented new Labor regulations and required Living Wage Incentives affidavits. The new affidavits required by Ordinance 74-71(b)(2) have made the already complex real estate tax incentives process even more cumbersome for landowners and occupants seeking incentives from Cook County for their properties.

Based on the overwhelming testimony in strong opposition to Cook County’s new affidavit requirements, the Cook County Board of Commissioners voted unanimously to waive the new requirements and seek 24 months to reform the tax incentives process.

Advertisements

About royfmc

BS in Environmental Engineering from Northwestern University's McCormick College of Engineering MBA from DePaul University's Kellstadt's College of Business JD from DePaul University's College of Law
This entry was posted in Economic Development, Economy, Finance, Taxation and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s