tax breaks

(via Flickr/ChrisEaves.com)

Illinois Gov. Pat Quinn has signed legislation that extends the life span of a popular economic development tool in the state.

(Marshall Griffin/St. Louis Public Radio)

The Missouri House has given first-round approval to legislation that would expand tax breaks for auto parts manufacturers.

Ford and General Motors already have access to the incentives.  State Rep. Chuck Gatschenberger (R, Lake St. Louis), the bill’s sponsor, says it would expand the benefit to smaller auto parts builders.

(via Flickr/jglazer75)

Legislation that's aimed at helping poor Illinois families keep more of what they earn is now law.

Gov. Pat Quinn on Tuesday signed the legislation that expands the state's earned-income tax credit. It's now 5 percent of the federal credit, would climb to 7.5 percent next year and 10 percent the year after.

(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.