Office Depot

Bruce Rauner
Amanda Vinicky/WUIS

  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.

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."

Like a tax break for buying a racehorse.

And, in a risky move as he seeks to win newspaper editorial boards' endorsements, he wants Illinois to begin taxing newsprint.

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.

  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.

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.

Chicago's in the running, but so are major cities.

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Although pensions are atop the agenda Tuesday in Springfield, the Illinois General Assembly could consider a set of tax breaks for some of Illinois' biggest corporations.

Decatur-based Archer Daniels Midland is moving its corporate headquarters, and wants a tax break to remain in Illinois, most likely Chicago. Office Depot, newly merged with OfficeMax, is deciding whether to put its combined headquarters in Florida or Naperville.

The deal would let the companies keep money they deduct from employee paychecks for Illinois taxes.