Illinois sales tax break for machinery grows far beyond forecast
A state plan cut sales tax on machinery and equipment purchases has produced relief totaling up to 250 million dollars a year and possibly 450 million, boosting Illinois business climate but straining the treasury. Administration aides warn the impact may be greater than expected, complicating any rollback.
MENTIONED IN THIS ARTICLE
Mike Lawrence
Springfield
James R. Thompson
Illinois
Department of Revenue
Department
Bureau of the Budget
Arthur F. Quern
Thompson
General Assembly
Treasury
Richard Kolhauser
Kolhauser
Robert Hanson
Deere and Co
William Dart
Illinois Manufacturers Association
Robert Swaim
Illinois State Chamber of Commerce
Swaim
Dart
Nccess
David Stockman
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