After significant lobbying, the Cook County Commissioners have agreed to temporarily suspend the multiple Cook County incentive affidavits that were recently required on an annual basis.
As set forth in the Amendment, Cook County Incentives, like the Class 6B for industrial properties, at one point became subject to 3-year affidavits. They were then required annually and caused an administrative nightmare for businesses. They are now frozen until 2022.
The exception to the suspension is the annual affidavits for properties receiving the Cook County SER (Sustainable Emergency Relief) incentive, which will continue to be required on an annual basis.
Here is the full text of the amendment...
Triennial Report Affidavit For Incentive Properties...
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