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Pritzker’s plan to exempt state from federal tax break to address gaping budget hole falls short in initial House vote

Dan Patrella  |  January 13, 2021

By Dan Patrella, includes “A major initiative by Gov. J.B. Pritzker aimed at preventing the loss of up to $1 billion in revenue was put in jeopardy early Wednesday after falling 10 votes short in the Democratic-controlled state House. Pritzker wanted to block a change to the federal tax code passed by Congress as part of the coronavirus relief plan from applying to state tax bills. … His office said the proposal would prevent the state from losing $500 million in tax revenue from business.” 

Read the full article on: Chicago Tribune

 
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