WJBD Radio

Images

Now Playing

Local News

WJBD - Local News - Tax-Break Expansion Plan Raises Concerns, Shrugs

Tax-Break Expansion Plan Raises Concerns, Shrugs

CHAMPAIGN, Ill. (AP) - Illinois House Speaker Michael Madigan's proposal to change the way the state gives tax breaks to companies has been met with dismay in the state's business community - along with questions about what effect the plan would actually have.

Madigan's plan would make the tax credits available to businesses with fewer than 100 employees. It would aim credits at areas of high poverty and unemployment.   But small business owners say such credits might have little impact on their decisions. 

Madigan spokesman Steve Brown says the speaker was driven in part by concern over the special deals big corporations have tried to cut with the General Assembly.  

 Illinois Chamber of Commerce President Doug Whitley objects to another provision that would require firms to reveal private information.   

See other LocalNews news:

Vernon Man Arrested on Meth Related Charges
Salem Township Hospital Foundation Bowl-A-Thon Raises $10,000
Effingham Woman Killed in I-57 Wreck North of Effingham
Police Beat for Sunday, October 19th, 2014
Illinois Voters to Face a Rare 5 Ballot Questions




This Site logo