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   SPRINGFIELD, IL (AP) - Once again Illinois lawmakers are considering a list of tax breaks and other incentives to keep some companies in the state and attract others.

   The most widely publicized proposal is a $24 million tax break aimed at persuading Archer Daniels Midland Company to keep its new global headquarters in Illinois.

   Legislators at this week's fall session in Springfield also could be asked for a tax break to retain the company that emerges from a merger between OfficeMax Inc. of Naperville and Office Depot Inc., among others.

   Some lawmakers say the state's bad finances make timing difficult for new such breaks.

   Others say the state needs to take a harder look and adopt a more comprehensive way to scrutinize such incentives in the future.

 
Published in Local News

   Despite opposition from reinstated Ellisville Mayor Adam Paul, tax breaks for a proposed Walmart development are moving forward, albeit slowly.  The City Council voted 4-3 Wednesday night to authorize TIFs for project developer Sansone Group.  

   The vote came after Jim Sansone and Mayor Paul exchanged heated words during the packed meeting.  Sansone promised court action if the council reversed their 2012 approval of the development.  Paul acknowledged his continued opposition, but also recognized that the council majority would rule.  

   A second vote is needed to finalized the bill.  That's expected to happen at a special council meeting later this month.

Published in Local News
JEFFERSON CITY, Mo. (AP) - A Missouri Senate committee has endorsed legislation to end an income tax break for low-income seniors and disabled residents who rent their homes, despite pleas from the poor not to do so.

Several disabled renters testified Tuesday that the tax break of up to $750 annually allows them to pay medical bills, utilities and clothing. They pleaded with the Senate Appropriations Committee to keep the tax break.

But the committee voted to advance a bill that would do away with the tax credit and redirect the $57 million of savings to programs that serve seniors and the disabled. The plan is backed by Gov. Jay Nixon.

A commission Nixon appointed recommended ending the tax break for renters while continuing it for homeowners. The credit is intended offset property taxes.
Published in Local News

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