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Tax-break cutoff and enterprise zones clear Senate panel
In Springfield the Senate Revenue Committee endorsed a plan to disconnect Illinois from a Reagan era tax break for business equipment, aiming to save 40 percent of the federal write-off. A separate enterprise zones bill to grant tax relief in blighted areas moved to the Senate floor 8-3, amid concerns over local control and potential abuses.
MENTIONED IN THIS ARTICLE
Senate Revenue Panel
Springfield
Illinois
Treasury
Senate Revenue Committee
Senate
Donald R. Totten
Hoffman Estates
Totten
Jeremiah Joyce
Chicago
Dawn Clark Netsch
Dchicago
Netsch
State Bureau of the Budget
Peter Fox
State Department of Commerce and Community Affairs
Lemke
Philip J. Rock
Oak Park