THE FOLLOWING IS AN OFFICE OF ILLINOIS HOUSE REPUBLICANS RELEASE
The governor and the Illinois Department of Commerce and Economic Opportunity (DCEO) today announced the launch of the Blue Collar Jobs Act (BCJA) Tax Credit application for eligible companies. BCJA is a bipartisan legislative package initiated by House Republicans a number of years ago, designed to promote economic expansion and growth in Illinois by incentivizing construction projects. The legislation makes $20 million in tax credits available per year for eligible companies.
The BCJA amended legislation for Illinois’ premier incentive programs to provide tax credits attributable to the wages paid to construction workers on eligible projects. Eligible companies include those who are located in an Enterprise Zone (EZ) or a River Edge Redevelopment Zone (RERZ), companies designated a High Impact Business (HIB), or companies with an agreement under the Economic Development for a Growing Economy (EDGE) Program. Companies that completed construction projects in 2021 (the effective date of the legislation) or later are eligible to apply for credits.
Eligible companies can receive tax credits equal to 75 percent of the income tax attributable to construction workers on eligible projects located in an underserved area, or 50 percent for projects located in other areas. The BCJA is designed to further incentivize major capital investments in communities across Illinois and create good-paying construction jobs.
State Representative Mike Marron (R-Fithian) was one of the original sponsors of the legislation and said he is extremely happy the jobs act is finally being implemented. Here is his commentary:
