Chicago Mercantile Exchange Group

(via Flickr/jglazer75)

Illinois Gov. Pat Quinn has approved legislation designed to keep key companies from leaving the state.

The Democrat's office announced Friday that Quinn signed tax-break legislation directed at Sears and the Chicago Mercantile Exchange.

He did not take action on companion legislation that would provide tax relief for individuals and his office did not immediately say when he would.

(via Flickr/jglazer75)

Will be updated.

Illinois lawmakers have approved a $330 million package of tax relief to businesses and individuals.

The state Senate approved the business measure 44-9 on Tuesday. The individual tax relief passed 48-4. Both now go to Democratic Gov. Pat Quinn, a supporter.

(via Flickr/jglazer75)

Will be updated. For the latest updates on this story, follow Illinois Public Radio reporter @AmandaVinicky on Twitter.

Updated 2:58 p.m. with input of Illinois Gov. Pat Quinn.

Updated 2:29 p.m. - replaces story on passage of bill for working poor with version encompassing passage of both bills.

The Illinois House has approved tax breaks for businesses, including some big names that are threatening to leave the state.