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Tax exemption under this program is provided for: manufacturing machinery and equipment that is integral and necessary to the manufacturing process; repair parts for manufacturing machinery & replacement parts; fuel (electricity, gas, etc.) used directly/indirectly in a manufacturing plant; raw materials that will become a component part of the item being manufactured for resale; industrial materials, coated upon or impregnated into the product at any stage of its processing, manufacture, or conversion; machinery & equipment used for the primary purpose of reducing or eliminating air and water pollution; the sale of water delivered through pipes and mains (...).

Eligible applicants and recipients of funds awarded under this program include general-purpose local governments (municipalities and counties), local government authorities, and joint or multi-county development authorities. End users are strategic industry companies, including but not limited to, aerospace, agribusiness, energy and environmental, (...)

To qualify at least half of a firm's annual income in an EZ must be from one or more of the following activities: agricultural production or processing; manufacturing; wholesaling; aviation or maritime repair; telecommunications; information technology design and production; medical research, clinical trials, and telemedicine; for-profit training programs in international business management or environmental remediation; biotech research, development, production, or sales; repair or maintenance of assisted technology equipment; certain types of call centers; and wind energy producers

Qualifying taxpayers who produce a minimum of 2.5 billion British thermal units (Btu) of renewable fuels per year.

Corporate taxpayers who install and place in service in the State of Hawaii a qualifying renewable energy technology system are eligible. Renewable energy technology system is defined as a new system that captures and converts a renewable source of energy, such as solar or wind energy, into: (1) a usable source of thermal or mechanical energy; (2) electricity; or (3) fuel.

All income received from stock options from a qualified high technology business by an employee that would otherwise be taxed as ordinary income or as capital gains is exempt from income tax. "Qualified high technology business" refers to a business performing qualified research. "Qualified research" means (...) non- fossil fuel energy related technology.

Recipients have proposed projects designed to use biogas or biomass as a source of fuel to produce electricity with combined heat and power (CHP) through gasification, co-firing or anaerobic digestion technologies.

Any entity may apply. Preference is given to Illinois applicants. Likely recipients are universities and research institutions engaged in coal research activities related to carbon management, advanced coal mining technologies, power generation, plant efficiencies, etc.

Eligible applicants are "units of state and local government, associations, public and private schools, colleges and universities, research organizations, not-for-profit organizations, private companies and individuals." For facilities construction grants, the recipient must be building a new biofuels production facility with a capacity of at least 30 million gallons per year, or be expanding/modifying an existing facility by at least 30 million gallons per year.

The maximum term of the loan is 5 years; the fixed loan rate is a simple annual rate at 1/2 the market interest rate, but not less than 2.5%.