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Plenty Of Issues Facing IL Lawmakers

Mon, 04 Nov 2013 05:23:27 CST
By: AP

Once again Illinois lawmakers are considering a list of tax breaks and other incentives to keep some companies in the state and attract others. The most widely publicized proposal is a $24 million tax break aimed at persuading Archer Daniels Midland Company to keep its new global headquarters in Illinois. Legislators at this week's fall session in Springfield also could be asked for a tax break to retain the company that emerges from a merger between OfficeMax Inc. of Naperville and Office Depot Inc., among others. Some lawmakers say the state's bad finances make timing difficult for new such breaks. Others say the state needs to take a harder look and adopt a more comprehensive way to scrutinize such incentives in the future.

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