House Speaker

Pans Tax Credits
6:19 pm
Wed December 11, 2013

Madigan: Resist Temptation To Cave To Corporate Officials' Demands

House Speaker Michael Madigan readies to introduce a pension overhaul bill denounced by public employee unions, who say Illinois should instead close corporate tax loopholes. Madigan today (12/11) issued a statement saying Illinois lawmakers "must resist the temptation to cave to corporate officials' demands every time they impose a deadline for payment in exchange for remaining in Illinois."
Credit Amanda Vinicky

  

  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.

    

The Illinois House is getting flak for adjourning earlier this month without voting on tax breaks approved by the Senate -- deals meant to lure the newly-merged Office Depot to Illinois, and to convince Archer Daniels Midland to keep its global headquarters in-state.

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Tax Credits
11:32 pm
Tue December 3, 2013

ADM Unlikely To Get Tax Credit Before End Of Year

Sen. Andy Manar, D-Bunker Hill, is the sponsor of a Senate bill to give ADM a tax credit in exchange for creating new jobs in Chicago and Decatur, if the company moves its global headquarters from Decatur to Chicago.
Credit ilga.gov

While much of the attention was focused on pensions, state legislators yesterday also dealt with measures intended to get a trio of companies to call Illinois home. But they only got halfway there.

Decatur-based Archer Daniels Midland is shopping for a new world headquarters. The agribusiness giant may well choose Chicago; but it wants a tax break from Illinois, like in a measure approved by the Senate.

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