Amid state budget chaos, Amazon recieves Illinois tax credits

Sep 7, 2015

 

An Illinois corporate tax credit program suspended earlier this summer amid a state budget crisis has since been offered to Amazon because of a previous commitment to the online retailer. First-term Republican Gov. Bruce Rauner put a hold on the corporate recruitment tool in early June amid a budget impasse that continues two months into a fiscal year without an approved state spending plan.

Amazon announced its plans in August for a Joliet warehouse that will create 1,000 full-time jobs when it opens. The 500,000-square-foot fulfillment center is its first in Illinois. The value of Amazon's tax break is not clear. The state Department of Commerce and Economic Opportunity denied an Associated Press request for a copy of the 10-year agreement, which has not yet been signed.