tax breaks

State News
7:07 am
Wed November 6, 2013

Legislators advance tax breaks measure, but not for ADM

State legislators are advancing a measure that attempts to lure chemical plant jobs to Illinois, but broader plans to offer companies like ADM incentives are NOT ready just yet.  IPR'S Amanda Vinicky has more.

Archer Daniels Midland is the highest-profile case of a company looking for a tax break from the state, in exchange for creating jobs. In ADM's case, the company is looking to move its global headquarters from Decatur to maybe Chicago, maybe a city in another state. But it's not the only company that wants a deal.

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State News
11:43 am
Wed October 16, 2013

Some economists oppose tax incentive package for ADM

Archer Daniels Midland reportedly has its share of suitors as the agribusiness giant looks to move its corporate headquarters out of Decatur. Recent reports list Dallas, Atlanta, Minneapolis and Chicago as possible new locations for the headquarters and its 100 employees.

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State News
1:56 pm
Fri October 4, 2013

Gov. Quinn against giving ADM tax incentives to stay in Il

When lawmakers return to Springfield for their fall session later this month, they'll be weighing requests from several international companies that want tax breaks for keeping their headquarters in Illinois. But as IPR'S Brian Mackey reports, Governor Pat Quinn is throwing cold water on that idea.

Most of the tax-credit attention has gone to agribusiness giant Archer Daniels Midland, which wants up to $24 million to keep its global head office in Illinois. But lawmakers have also heard requests from Zurich Insurance, based in Schaumburg, and OfficeMax, based in Naperville, and there are others.  Gov. Quinn, however, says pensions need to come first.

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State News
8:01 am
Wed October 2, 2013

ADM requests up to 20-million dollars in tax breaks to stay in Il

As Archer Daniels Midland plans to move its headquarters out of Decatur, Illinois lawmakers are considering whether to award tax breaks to keep the agribusiness giant in Illinois. IPR'S Brian Mackey has more on ADM's request Tuesday for up to twenty-four million dollars in tax breaks.

At a legislative hearing in Chicago, representatives of ADM told lawmakers they wanted incentives worth $1.2 million a year for up to 20 years. In return, the company would keep its headquarters in Illinois, likely in Chicago.

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State News
6:45 am
Fri May 24, 2013

Measure closing "tax loopholes" heads to the House

A measure that would close three so-called “corporate tax loopholes” in Illinois is beginning to make its way through the House. Governor Pat Quinn’s office says Illinois could bring in as much as 445-million dollars by ending the tax breaks.

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