Illinois House rejects business tax incentives - KMOV.com

Illinois House rejects business tax incentives

Posted: Updated:
By Bryce Moore By Bryce Moore

SPRINGFIELD, Ill. (AP) -- The Illinois House has adjourned indefinitely after rejecting a $250 million package of tax breaks for businesses.
  
The chief sponsor of the tax package said Tuesday evening that there's an impasse that won't be resolved immediately. Marion Democrat John Bradley says he'll keep working and the House can return when there's an agreement.
  
The Senate approved the tax measure earlier. It was preparing to adjourn Tuesday night.
  
Senate President John Cullerton says the package could be considered early next year and still take effect in time to help Illinois companies.
  
The package includes tax relief for Sears and Chicago-based financial trading companies. It also offers some breaks for business in general and for individual taxpayers.

Powered by Frankly