Chicago Mayor Rahm Emanuel said he's staying involved in getting the state's major tax package passed. Last week the tax package including incentives for the CME Group was shot down by the Illinois House of Representatives."
Illinois Gov. Pat Quinn said he's optimistic about passing a tax deal for some area businesses by the end of the month.Earlier this week, lawmakers failed to pass a $250 million tax break package meant to keep Chicago-based CME Group and Sears from leaving the state.
Legislative leaders in Illinois are trying to put together a tax relief package to keep some big companies in Illinois.They have until Thursday to pass a bill that could give more tax incentives to companies like Sears and Chicago-based CME Group, which have threatened to leave the state since the c
Their place of the Chicago Mercantile Exchange and the Chicago Board Options Exchange as major financial players in Illinois might explain why some lawmakers wanted to give them a big tax break. A proposed bill would trim the futures exchanges' income tax rate on the bulk of their trades.
A correction has been made to this story.The Onion recently announced they want to move the editorial staff from New York to their corporate headquarters in Chicago. Perhaps the goal was to create one, big, happy satirical family--OK, maybe not the happy part!
Business groups are complaining to lawmakers about taxes in Illinois.The first in a series of hearings on the state's tax structure was held Tuesday in Chicago.Senate President John Cullerton and House Speaker Michael Madigan called for the hearings after major companies, including Caterpillar and t