After hiking taxes, state considers easing
SPRINGFIELD – What a state takes away, it also can give back.
Less than a year after raising personal and corporate income taxes, Illinois officials are pushing a $250 million package of tax breaks for several prominent businesses threatening to leave the state, including Sears and the Chicago Mercantile Exchange. To make the measure more palatable, individual taxpayers also would get a dollop of relief.
The measure suffered a setback Tuesday when the House rejected it, but legislative leaders said they were determined to reach a deal in the coming days or weeks.
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