corporate taxes

Corporate tax breaks
2:50 pm
Thu January 30, 2014

Madigan Proposes Corporate Tax Decrease

  House Speaker Michael Madigan wants to cut the state's corporate tax rate in half. It's an apparent about face on tax policy that's left some Republicans scratching their heads.

Madigan says his proposal aims to create a friendlier business climate in Illinois. Corporations would pay a 3.5 percent tax, down from the current 7 percent.

It's a sharp turn from three years ago when Madigan pushed to increase the corporate tax rate along with the individual income tax.

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State Week
6:15 pm
Fri December 13, 2013

Listen To State Week - December 13, 2013

This week, among the topics of discussion: corporate tax incentives, interest on state bonds, and more on state pensions.

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