CME Group and suburban-based Sears are one step closer to getting the state tax breaks meant to persuade them to stay headquartered in Illinois.On Monday the Illinois House approved a new tax relief package after it resoundingly rejected a similar measure last month.
Illinois Senate President John Cullerton said he doesn't expect any problems passing a new tax relief package this week.The state House of Representatives is scheduled to meet on Monday to vote on a new package aimed at keeping area-based Sears and CME Group in state after it failed to pass a simila
Illinois House Republican Leader Tom Cross says a deal has been reached on a tax break package to keep locally-based Sears and CME Group in Illinois.The announcement came on Thursday, a few weeks after the House overwhelmingly rejected a similar package.A spokeswoman for Cross said the newer version
Illinois lawmakers will be returning to the state Capitol for another try at passing tax relief for businesses, including some big corporations threatening to leave the state.Speaker Michael Madigan announced the House will hold a special session on Monday in another effort to move the bill forward.
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.
Chicago Mayor Rahm Emanuel said he'll continue working with lawmakers on a tax break package aimed to keep area businesses from leaving the state.On Tuesday, the House overwhelmingly rejected a $250 million tax package that included breaks for northwest suburban-based Sears.
A Northwest suburban school district bashed changes made to an Illinois tax incentives bill.Sears corporate headquarters sits in School District 300, and the district wants any new tax incentives to have new stipulations.