Under the terms of the EDGE agreement, Mars Snacking commits to adding 602 jobs by December 2027 and investing $100 million in building out the three offices to be eligible for $42.8 million in state tax credits over 15 years.
It seems that the only time businesses locate to or expand in Illinois is when there are significant tax breaks involved; you know, the ones we pay for.
taxpayer
1 month ago
The article doesn’t mention real estate taxes, but I suppose that in addition to the $42.8 million State credit, Mars is expecting to receive substantial property tax breaks. If they’re not, that would be news.
The Railroader
1 month ago
$42.8 million in state tax credits. This from a bankrupt state. Only spoiled brat trust fund baby JB the Hutt would be gullible enough to hand over that much confiscated taxpayer funds to bribe a business from leaving The Hutt tax and regulatory Hell.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
It seems that the only time businesses locate to or expand in Illinois is when there are significant tax breaks involved; you know, the ones we pay for.
The article doesn’t mention real estate taxes, but I suppose that in addition to the $42.8 million State credit, Mars is expecting to receive substantial property tax breaks. If they’re not, that would be news.
$42.8 million in state tax credits. This from a bankrupt state. Only spoiled brat trust fund baby JB the Hutt would be gullible enough to hand over that much confiscated taxpayer funds to bribe a business from leaving The Hutt tax and regulatory Hell.