Ill. Senate OKs tax breaks for business, families; goes next to Quinn
Will be updated.
Illinois lawmakers have approved a $330 million package of tax relief to businesses and individuals.
Sears and the Chicago Mercantile Exchange see the most benefit. The companies had threatened to leave Illinois without financial help from the state. The legislation offers $100 million in tax relief to them and the Chicago Board Options Exchange.
The other measure increases tax credits for the working poor and raises the personal income-tax exemption.