Enter to win every day in CTNOW's 21 Days of Summer Giveaways. Click here to see today's prize.
Topics

John E. Bradley

Effort stalls to revamp Illinois' corporate tax breaks program

Effort stalls to revamp Illinois' corporate tax breaks program

A year ago, lawmakers imposed a moratorium on special tax incentives used to help keep companies — and their jobs — in Illinois. They also created a committee to examine whether the program, which also rewarded companies even as they laid off workers, needed changes. If there was a sense of urgency to revamp the program, described as essential to the state's economic vitality, it has since evaporated. "With a new sheriff in town, things might look a little different," said House Majority Leader Barbara Flynn Currie, D-Chicago. She was referring to Gov.-elect Bruce Rauner, a Republican, who has criticized the program and has said it needs to be reformed but...

Loading

78°