On Wednesday, January 17, 2018, twenty-four Mayors throughout Cook County appeared before the Cook County Business and Economic Development Committee, to request a repeal of 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 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. Should you have any questions about real estate tax incentives, call the attorney’s at Rock Fusco & Connelly.
Cook County Incentives Ordinance
February 28, 2018