Fair
72°
Crystal Lake, IL
Fair|Forecast »

Ill. Legislature seek business tax transparency

SPRINGFIELD, Ill. (AP) — Struggling to explain to voters where their money goes while Illinois continues to face financial hardship, legislative leaders kicked off their fall session Tuesday with a plan to divulge the corporations that don't pay any income tax.

Senate President John Cullerton and House Majority Leader Barbara Flynn Currie say their proposal would help lawmakers determine whether tax credits designed to create jobs are working or worthless in a state where they estimate two-thirds of businesses pay no corporate income tax.

But business leaders immediately condemned the plan, saying it unfairly targets confidential information of a few companies and would add to the burden of conducting commerce in Illinois.

Story Archived

Only the most recent 7 days of articles are available for free. For articles older than 7 days there is a small fee for retrieval from our archive. If you are a registered member of the site, the content is free just by signing in below.

Please sign in with your Comment Member ID and password.

Did you purchase access?

Member ID:
Password:
Forgot Your Password?
Register to comment.

Purchase Access
To allow for flexibility, we offer a variety of options for purchasing articles:
Purchase options


Having trouble?

If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com


Reader Poll

Do you feel you are saving enough for retirement?

Yes
No
Already retired