A new 3.5 percent premium tax on payments to captive insurance subsidiaries—which in some cases could be as high as 4.6 percent—”easily” will raise at least $100 million a year for the state, according to an estimate by Mark Denzler, a lobbyist at the Illinois Manufacturers’ Association.

“It’s just another frustration companies have with Illinois,” he says. “They’re saying, ‘Now I have to pay $5 million or $10 million more a year than my competitor in Indiana or elsewhere.’ “

via Boeing, United Airlines, ADM oppose Quinn tax on captive insurance – In Other News – Crain’s Chicago Business.