tax credit http://wuis.org en Business Groups Pan Madigan's EDGE Tax Credit Changes http://wuis.org/post/business-groups-pan-madigans-edge-tax-credit-changes <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>One of Illinois' main tools for attracting and retaining companies in the state would get a revamp under a plan unveiled yesterday by the Speaker of the Illinois House. It drew immediate criticism from business groups.</p><p></p><p><span style="line-height: 1.5;">More than 700 companies have what are known as EDGE tax credits, given in exchange for keeping, or creating new, jobs.</span></p> Thu, 15 May 2014 02:38:26 +0000 Amanda Vinicky 25138 at http://wuis.org Business Groups Pan Madigan's EDGE Tax Credit Changes Illinois Loses Office Depot, Is ADM Next? http://wuis.org/post/illinois-loses-office-depot-adm-next <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>A newly merged Office Depot chose to locate its headquarters in Florida, instead of Illinois. A Republican candidate for governor says Illinois needs to hurry if it doesn't want a similar fate with Archer Daniels Midland.</p><p></p><p><span style="line-height: 1.5;">Archer Daniels Midland is based in Decatur now, and no matter what plans to keep many of its operations there. But it's searching for a new worldwide headquarters.</span></p><p>Chicago's in the running, but so are major cities.</p> Wed, 11 Dec 2013 00:11:00 +0000 Amanda Vinicky 14728 at http://wuis.org Illinois Loses Office Depot, Is ADM Next? Legislators Set To Give Tax Breaks ... But Not Yet, ADM http://wuis.org/post/legislators-set-give-tax-breaks-not-yet-adm <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>State legislators are advancing a measure that attempts to lure chemical plant jobs to Illinois, but broader plans to offer companies like ADM incentives are not ready just yet.&nbsp;</p><p><span style="line-height: 1.5;">Archer Daniels Midland is the highest-profile case of a company looking for a tax break from the state, in exchange for creating jobs. In ADM's case, the company is looking to move its global headquarters from Decatur to ... maybe Chicago, maybe a city in another state.</span></p> Wed, 06 Nov 2013 12:46:00 +0000 Amanda Vinicky 12430 at http://wuis.org Legislators Set To Give Tax Breaks ... But Not Yet, ADM Heavy Veto Session Agenda http://wuis.org/post/heavy-veto-session-agenda <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>Illinois legislators are scheduled to finish out their veto session this week. Their back-loaded agenda ranges from dealing with budget matters to social issues.</p><p><span style="line-height: 1.5;">The first week of the veto session late last month went by with little of substance accomplished.</span></p><p>But what the General Assembly didn't touch then is back now.</p><p>Like tax packages designed to keep companies, like Archer Daniels Midland, headquartered in Illinois.</p> Mon, 04 Nov 2013 12:22:00 +0000 Amanda Vinicky 12212 at http://wuis.org Heavy Veto Session Agenda Preview: Fall Veto Session http://wuis.org/post/preview-fall-veto-session <p>For the first time since a brief special session in July,legislators will begin making their way en masse to Springfield this week, for the fall veto session. The agenda before them is relatively light. The General Assembly will likely debate some budget matters. And there's a hearing on a new type of health care coverage for retired state employees. Amanda Vinicky previews what else is ahead.</p><p></p><p></p> Mon, 21 Oct 2013 12:50:00 +0000 Amanda Vinicky 11345 at http://wuis.org Preview: Fall Veto Session Quinn: Pensions Before Tax Breaks For ADM, OfficeMax http://wuis.org/post/quinn-pensions-tax-breaks-adm-officemax <p><span style="line-height: 1.5;">When lawmakers return to Springfield for their fall session later this month, they&#39;ll be weighing requests from several international companies that want tax breaks for keeping their headquarters in Illinois. But </span>Gov<span style="line-height: 1.5;">. Pat Quinn is throwing cold water on that idea.</span></p> Fri, 04 Oct 2013 18:34:50 +0000 Brian Mackey 10312 at http://wuis.org Quinn: Pensions Before Tax Breaks For ADM, OfficeMax Senator: Decatur Unemployment Must Be Considered In ADM Tax Breaks http://wuis.org/post/senator-decatur-unemployment-must-be-considered-adm-tax-breaks <p><span style="line-height: 1.5;">As Archer Daniels Midland plans to move its headquarters out of Decatur, state lawmakers are considering whether to award tax breaks to keep the agribusiness giant in Illinois.</span></p><p><span style="line-height: 1.5;">At a legislative hearing in Chicago, representatives of ADM told lawmakers they wanted incentives worth $1.2 million a year for up to 20 years. In return, the company would keep its headquarters in Illinois, likely in Chicago.</span></p><p>One lawmakers says it&#39;s &quot;essentially blackmailing the state.&quot;</p> Wed, 02 Oct 2013 10:32:23 +0000 Brian Mackey 10085 at http://wuis.org Senator: Decatur Unemployment Must Be Considered In ADM Tax Breaks Republicans Propose Tuition Tax Breaks http://wuis.org/post/republicans-propose-tuition-tax-breaks <p style="font-size: 16px; margin-bottom: 24px; color: rgb(68, 68, 68); font-family: Georgia, 'Bitstream Charter', serif;">With college tuition on the rise, Illinois House Republicans say they want to give working class families a break, and an incentive to go to a school in state.</p><p style="font-size: 16px; margin-bottom: 24px; color: rgb(68, 68, 68); font-family: Georgia, 'Bitstream Charter', serif;">&nbsp;</p> Thu, 13 Jun 2013 22:30:18 +0000 Amanda Vinicky 4252 at http://wuis.org Republicans Propose Tuition Tax Breaks