State News
8:04 am
Tue December 3, 2013

Il lawmakers could consider tax breaks for ADM and Office Depot

Pensions aren’t the only thing on the agenda in Springfield Tuesday. Lawmakers could consider tax breaks for two big Illinois companies thinking about relocating out-of-state.

Archer Daniels Midland is moving its headquarters from Decatur, perhaps to Chicago. And Office Depot, which recently merged with OfficeMax, is deciding between Florida and Napervlle. Representative Mike Zalewski, a Democrat from Riverside, says both tax breaks would be funded with a new fee on satellite TV service.

"What we’ve consistently heard is, we can address things on the revenue side of the ledger, without going back to the taxpayers. And a satellite tax is in fact a user fee; we do user fees all the time down here."

Zalewski says pensions should remain the top focus of the legislature. But hundreds of jobs are at stake, and both ADM and Office Depot seem to want to make a decision sooner rather than later.