While Illinois looks at tax credits for gifting endowments, student loans, hiring journalists and music companies, Missouri is looking at phasing out not just tax credits but also their corporate income tax. Not among the slew of tax credits the Illinois Senate is reviewing is the Invest in Kids school choice scholarship tax credit, which expired at the end of 2023.
North Carolina has a 2.5% corporate income tax, and it’s scheduled to go to zero. ZERO.
Why would you open a business in Illinois when NC is only a one day drive away?
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.
North Carolina has a 2.5% corporate income tax, and it’s scheduled to go to zero. ZERO.
Why would you open a business in Illinois when NC is only a one day drive away?