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Due to the budget crisis caused by the ongoing COVID-19 pandemic, Gov. JB Pritzker is free...

State of Illinois Targets $520 Million Business Tax Credits – kanecountyconnects.com

Due to the budget crisis caused by the ongoing COVID-19 pandemic, Gov. JB Pritzker is freezing the implementation of a new set of state business tax credits and calling for a “decoupling” of Illinois tax law from recently enacted federal business tax changes. State officials are calling the business tax changes “loopholes” that would cost Illinois in excess of $500 million in tax revenue. The expanded state tax credits were authorized in 2019 as part of a series of tax …

 

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