Tagged: tax breaks

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.

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.

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.