Ill. lawmakers OK tax breaks, but no pension deal - Mid-South News, Weather, Traffic and Sports | FOX13

Ill. lawmakers OK tax breaks, but no pension deal

Posted: Updated:

SPRINGFIELD, Ill. (AP) -- Illinois lawmakers have approved tax incentives for Archer Daniels Midland Company and the newly merged OfficeMax and Office Depot. But they expect to end the fall session without action on the state's $100 billion pension shortfall.

The tax breaks advanced by a Senate committee Wednesday are aimed at getting the companies to keep their headquarters in Illinois.

They're worth $24 million for Decatur-based ADM and $53 million for Office Depot Inc., the new company to emerge from the merger of Naperville-based OfficeMax and Florida-based Office Depot.

House Speaker Michael Madigan says legislative leaders are working on a pension deal. He hopes lawmakers will return to Springfield before the end of the year to approve legislation.

Lawmakers also are considering stiffer penalties for felons and gang members who illegally carry guns.

Follow Us!

Share Your Photos & Video

  • Politics NewsMore>>

  • Mayors' group pushes for pension reform

    Mayors' group pushes for pension reform

    Monday, April 21 2014 12:04 PM EDT2014-04-21 16:04:17 GMT
    money-roll-genericmoney-roll-generic
    More than two dozen Illinois mayors are set to hold a news conference, hoping to encourage state lawmakers to make changes to pension systems for local police and fire departments.
    More than two dozen Illinois mayors are set to hold a news conference, hoping to encourage state lawmakers to make changes to pension systems for local police and fire departments.
  • US Sen. Durbin says he's taking Oberweis seriously

    US Sen. Durbin says he's taking Oberweis seriously

    Sunday, April 20 2014 11:10 AM EDT2014-04-20 15:10:55 GMT
    U.S. Sen. Dick Durbin says he's taking his opponent in the November election more seriously than any challenger since he first was elected to the Senate.
    U.S. Sen. Dick Durbin says he's taking his opponent in the November election more seriously than any challenger since he first was elected to the Senate.
  • Quinn: Tighter controls after Medicaid paid $12M for Illinois dead

    Quinn: Tighter controls after Medicaid paid $12M for Illinois dead

    Saturday, April 19 2014 9:57 PM EDT2014-04-20 01:57:44 GMT
    The state of Illinois is trying to recoup roughly $12 million its Medicaid program paid in medical services for dead recipients.
    The state of Illinois is trying to recoup roughly $12 million its Medicaid program paid in medical services for dead recipients.
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices