Ill. Lawmakers Look To Extend Substantial Biz Tax Credits

Law360, Springfield (March 16, 2017, 10:38 PM EDT) -- Three possible plans for keeping businesses in Illinois with tax credits emerged Thursday in the state's General Assembly, as an earlier program that doled out more than 800 such credits is set to expire by the end of April.

Illinois' current EDGE tax credit — short for Economic Development for a Growing Economy — is set to expire next month after a last-minute extension at the beginning of the year gave it a few more months to live. EDGE was originally adopted in 1999, and the state has approved more than 800 tax credits through 2015, according to the state's Department...

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