Pritzker’s plan to exempt state from federal tax break to address gaping budget hole falls short in initial House vote – Chicago Tribune*

The governor's office said the proposal would prevent the state from losing $500 million in tax revenue from business. Without the change, the state’s budget shortfall could grow from $3.9 billion to as much as $4.9 billion.
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Fed up neighbor
5 years ago

Does Pritzker have the right to change federal tax codes

The Truth Hurts
5 years ago

He’s not changing the federal tax code. He is looking to change the state tax code so as not to allow the same tax credits that the federal tax code offers. The business utilizing the tax credits would still benefit on their federal taxes just not from the state. I believe New York did this back in April.

Fed up neighbor
5 years ago

Thanks

Wolfnight
5 years ago

Moving deckchairs, Titanic comes to mind……

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