ADM http://wuis.org en Rauner Plans To Close Tax "Loopholes," Change EDGE Credits http://wuis.org/post/rauner-plans-close-tax-loopholes-change-edge-credits <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>Republican candidate for governor Bruce Rauner has unveiled what he says is phase three of his plans to "Restore Illinois." It's focused on how the state taxes businesses.</p><p>In a statement — he released the plan via social media, rather than at a live event — Rauner says he wants to close "special interest loopholes."</p><p>Like a tax break for buying a racehorse.</p><p>And, in a risky move as he seeks to win newspaper editorial boards' endorsements, he wants Illinois to begin taxing newsprint.</p> Wed, 25 Jun 2014 21:12:57 +0000 Amanda Vinicky 28024 at http://wuis.org Rauner Plans To Close Tax "Loopholes," Change EDGE Credits Listen To State Week - December 20, 2013 http://wuis.org/post/listen-state-week-december-20-2013 <p></p><p>This week's topics include Governor Quinn's agreement with AFSCME on how to cull Medicaid rolls, a change to how the state will accept concealed carry applications, and Archer Daniel Midland's decision to keep its corporate HQ in Illinois.</p><p></p> Fri, 20 Dec 2013 20:33:21 +0000 Bob Meyer 15448 at http://wuis.org Listen To State Week - December 20, 2013 Madigan: Resist Temptation To Cave To Corporate Officials' Demands http://wuis.org/post/madigan-resist-temptation-cave-corporate-officials-demands <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span></p><p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>A day after Office Depot announced it would stay in Florida rather than move to Illinois, the speaker of the House says Illinois needs to end its practice of offering tax incentives on a case-by-case basis.</p><p><span style="line-height: 1.5;">&nbsp;&nbsp;</span><span style="line-height: 1.5;">&nbsp;&nbsp;</span></p> Thu, 12 Dec 2013 00:19:54 +0000 Amanda Vinicky 14830 at http://wuis.org Madigan: Resist Temptation To Cave To Corporate Officials' Demands 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 Leave Capital, But They May Be Back http://wuis.org/post/legislators-leave-capital-they-may-be-back <p>Illinois legislators wrapped up their two-week veto session this afternoon (Nov. 7), though they may be back in Springfield before the year's end.</p><p><span style="line-height: 1.5;">The General Assembly knocked one, big item off its to-do list: same-sex marriage. After intense lobbying on both sides, lawmakers on Tuesday sent the governor a measure that will allow gays and lesbians to marry.</span></p><p>The rest of the major issues on the General Assembly's agenda remain:</p><p>-a tax package crafted to ensure Archer Daniels Midland keeps its headquarters in Illinois is on hold</p> Thu, 07 Nov 2013 21:26:46 +0000 Amanda Vinicky 12572 at http://wuis.org Legislators Leave Capital, But They May Be Back 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 Listen To State Week - November 1, 2013 http://wuis.org/post/listen-state-week-november-1-2013 <p></p><p>This week, an overview of the Fall Veto Session so far, the possibility of tax breaks for Archer Daniels Midland, and the dustup between House Speaker Madigan and the Better Government Association.</p><p></p> Fri, 01 Nov 2013 18:34:01 +0000 Bob Meyer 12186 at http://wuis.org Listen To State Week - November 1, 2013 Income Up - Revenue Down At ADM http://wuis.org/post/income-revenue-down-adm <p>Agribusiness giant Archer Daniels Midland Co. said today that its third-quarter earnings more than doubled partly on increased profit margins on ethanol. But the Decatur-based company says its results fell short of last year when adjusted to exclude an inventory credit. &nbsp;</p><p><br />Revenue fell 2 percent but beat analysts' forecasts. &nbsp;<br />Net income was $476 million, or 72 cents per share, up from $182 million, or 28 cents per share, a year earlier. &nbsp;</p> Tue, 29 Oct 2013 15:45:13 +0000 Associated Press 11908 at http://wuis.org Income Up - Revenue Down At ADM 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 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 ADM Reports Lower Net Income, Higher Costs http://wuis.org/post/adm-reports-lower-net-income-higher-costs <p>Archer Daniels Midland says its net income fell 22 percent in the second quarter as expenses climbed.&nbsp;<br>The agribusiness company also says it more than doubled its provision for a possible settlement of an overseas bribery probe that's being conducted by the<br>federal government.&nbsp;</p> Tue, 06 Aug 2013 17:14:01 +0000 Sean Crawford 6840 at http://wuis.org ADM Reports Lower Net Income, Higher Costs