Stadelman-backed tax credit for downtown Rockford signed into law

SPRINGFIELD – After nearly two years of negotiation led by State Senator Steve Stadelman (D-Rockford), Governor Bruce Rauner signed into law Senate Bill 1488, which will extend the River Edge Historic Tax Credit for an additional year. Previously, the tax credit was set to expire Jan. 1, 2017. The legislation is Senate Bill 1488.

The credit has been an important economic tool for the revitalization of downtown Rockford and is equal to 25 percent of the rehabilitation costs for a business in a historic building.  

“This credit is a vital tool for economic development. For years, it has been the only financial incentive for developers to invest in downtown Rockford,” Stadelman said. “To date the tax credit has spurred more than $100 million in development in our community alone.”

Previously, the tax credit was used to incentivize projects like the $12 million renovation at the Prairie Street Brewhouse, which created 110 construction jobs. In addition to Rockford, the credit is also available in Aurora, Peoria, Elgin and East St. Louis.

Stadelman passes River Edge Historic Preservation Tax Credit

SPRINGFIELD – After nearly two years of negotiation led by State Senator Steve Stadelman (D-Rockford), the Illinois Senate passed a proposal today that will extend the River Edge Historic Preservation Tax Credit an additional year. Previously, the tax credit was set to expire Jan. 1, 2017. The legislation is Senate Bill 1488.

The credit has been an important economic tool for the revitalization of downtown Rockford, and is equal to 25 percent of the rehabilitation costs for a business in a historic building.  

“To date, the tax credit has incentivized more than $100 million of development in Rockford alone,” State Senator Steve Stadelman (D-Rockford) said. “The local economic development council estimates that extending the credit through 2017 would create an additional $110 in development in Rockford. This would be a tremendous boost to our local economy.”

Previously, the tax credit was used to incentivize projects like the $12 million renovation at the Prairie Street Brewhouse, which also created 110 construction jobs. In addition to Rockford, the credit is also available in Aurora, Peoria, Elgin and East St. Louis.

Senate Bill 1488 passed the Senate with a vote of 53-1 and will now head to the governor’s desk. 

Stadelman votes to override Rauner veto of automatic voter registration

State Senator Steve Stadelman (D-Rockford) voted today to override Gov. Bruce Rauner’s veto of Senate Bill 250. The bill, passed earlier in the year with a large bipartisan majority, creates an automatic voter registration system to allow easier access to the democratic process at a significantly lower cost to taxpayers.

Stadelman issued the statement below following the veto override, which passed the Senate with a vote of 38-18.  

“This win-win proposal makes it easier for voters to become engaged in the democratic process while saving money for taxpayers,” Stadelman said.

Veterans can get "quick" certification for special driver's licenses at Stadelman event

ROCKFORD -- Military veterans who wish to obtain Illinois drivers' licenses that note their service in the armed forces may obtain the necessary paperwork at a Veteran's Day event offered by State Senator Steve Stadelman.

Veteran's Day Quick Certification

Date: Friday, Nov. 11

Time: 1-4 p.m.

Location: Zeke Giorgi Center Lobby, 200 S. Wyman St.

To receive a driver's license with "VETERAN" appearing below the signature line, veterans must present official certification of their military status when renewing their license or applying for a state ID. Under legislation passed by Stadelman in 2015, veterans who present a driver's license with the designation qualify for discounts on purchases at participating businesses.

Stadelman said the "quick" certification allows veterans to avoid the delay of a mail application or a trip to the Illinois National Guard Armory in Machesney Park. Coffee and cookies are also available at the event.

Two state Veteran Service Officers -- Matthew Taylor and Jessica Parker -- will issue applications. Veterans should bring their DD-214 or NA Form 13038 and consult www.illinois.gov/veterans for additional instructions on completing the process.