Ill. Senate approves Cullerton tax transparency - Chicago News and Weather | FOX 32 News

Ill. Senate approves Cullerton tax transparency

Posted: Updated:
SPRINGFIELD, Ill. (Associated Press) -

Illinois Senate President John Cullerton's plan to require corporations' income tax bills to be made public has barely won approval.

The Senate voted 30-27 Wednesday to OK a proposal Cullerton says would help lawmakers plan tax policy.

The Chicago Democrat says legislators don't know whether their tax incentives and credits are working. He says two-thirds of businesses doing work in Illinois pay no corporate income tax.

Republicans criticized the measure as "anti-business (and) anti-employment." Others questioned whether it would be legal to post the information. Cullerton amended the bill to prevent posting of federally prohibited tax information.

Cullerton says the legislation is "not a `gotcha' to the business community."

Business leaders say it unfairly targets some businesses.

The bill moves to the House.

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

205 N. Michigan Avenue
Ground Floor
Chicago, IL 60601
Station Operator: (312) 565-5532
Newsroom: (312)565-5533

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