Pritzker vetoes tax break for private jet manufacturers

https://ift.tt/2QOoAWz

SPRINGFIELD, Ill. (AP) — Gov. J.B. Pritzker has vetoed a plan to forgive $50 million in past-due taxes from private jet manufacturers.

Pritzker vetoed the legislation Monday. It would also extend the breaks through 2024. The Democrat says it “is not the right fiscal decision.”

Lawmakers approved the tax breaks in 2010. They ended them in 2014 but the companies never paid. Sponsoring Rep. Monica Bristow, a Godfrey Republican, says a 500-employee manufacturer in her district poured $32 million into its plant and payroll in that period.

Bristow and the Senate sponsor, Glen Carbon Republican Rachelle Crowe, say the tax burden will cost the state jobs.

A veto reversal is likely. The House unanimously adopted the measure. The Senate recorded just one “no” vote.

Governor’s veto message: https://bit.ly/2DeUZ0v

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

16-Econ,19-Legal,24-ILGA,26-Delivered,AllPol

State

via herald-review.com – RSS Results in news/state-and-regional of type article https://ift.tt/2DVKpcE

November 25, 2019 at 04:04PM

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s