Group Sues to End Illinois Tax Breaks for Retaining Jobs – The Chicago Tribune

January 2015

The excerpt below is from an article by Alejandra Cancino that appeared January 9, 2015, in the Chicago Tribune.

The legal arm of the conservative Illinois Policy Institute on Friday filed a lawsuit to end the state’s practice of awarding tax credits to businesses for retaining jobs.

The Illinois Policy Institute is closely aligned with Gov.-elect Bruce Rauner, who will be sworn in Monday. Rauner, a Republican has criticized the state’s economic development program and has said it needs to be reformed. He has not offered specific recommendations for changes.

The suit, filed in state court in Sangamon County, said businesses should only receive tax credits for creating new jobs in the state. The state Department of Commerce and Economic Opportunity has awarded tax credits for retained jobs, the lawsuit says.

Read the full article in the Chicago Tribune.

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