Corporate tax bill rejected in Illinois House committee
Posted:
Updated:
SPRINGFIELD, Ill. (Associated Press) -
An Illinois House committee has voted down legislation requiring that some corporations make their income-tax bills public.
The revenue and finance committee rejected the proposal Sunday, keeping it in committee. Several Republicans called it anti-business and anti-employment.
The Senate approved the bill in November.
Senate President John Cullerton and House Majority Leader Barbara Flynn Currie have said most Illinois corporations don't pay any income tax but state officials don't know who they are. The Chicago Democrats have said the proposal would help lawmakers decide future tax policy and whether corporate tax breaks are effective.
Publicly traded corporations would have to post online the amount of corporate income taxes they paid two years prior to publication.
Thursday, May 16 2013 9:49 PM EDT2013-05-17 01:49:53 GMT
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Friday, May 17 2013 7:51 PM EDT2013-05-17 23:51:51 GMT
Illinois Gov. Pat Quinn must decide if he will sign a measure allowing the use of marijuana for medical purposes after the state Senate approved legislation on Friday.
Illinois Gov. Pat Quinn must decide if he will sign a measure allowing the use of marijuana for medical purposes after the state Senate approved legislation on Friday.
Faced with a trio of controversies, President Barack Obama is trying to halt a perception spreading among both White House opponents and allies that he has been passive and disengaged as unexpected developments...
President Barack Obama, seeking to regain his footing amid controversies hammering the White House, named a temporary chief for the scandal-marred Internal Revenue Service Thursday and pressed Congress to approve new...
After initially opposing the legalization of medical marijuana in Illinois, Lieutenant Governor Sheila Simon now supports the bill awaiting a State Senate vote. She told Good Day Chicago why she changed her mind.
After initially opposing the legalization of medical marijuana in Illinois, Lieutenant Governor Sheila Simon now supports the bill awaiting a State Senate vote. She told Good Day Chicago why she changed her mind.
Tuesday, May 14 2013 1:30 PM EDT2013-05-14 17:30:12 GMT
Alderman Brendan Reilly (42nd) said he has been meeting with municipal bond experts to try to find a way for the city to buy its 36,000 meters back from Chicago Parking Meters LLC.
Alderman Brendan Reilly (42nd) said he has been meeting with municipal bond experts to try to find a way for the city to buy its 36,000 meters back from Chicago Parking Meters LLC.
An Afghan official says a bomb hidden in a parked motorcycle has ripped through a crowded bazaar in a remote region of the southern Helmand province, killing at least three people and wounding seven.
A roadside bomb struck a U.S. convoy in southern Afghanistan Tuesday, killing three American troops, while a motorcycle bomb in a crowded village market killed at least three Afghan civilians, officials said.
FOX's Brett Baier has the latest on political headlines regarding former Secretary of State Hillary Clinton's Benghazi testimony and the IRS admitting to targeting conservative groups for tax enforcement.
FOX's Brett Baier has the latest on political headlines regarding former Secretary of State Hillary Clinton's Benghazi testimony and the IRS admitting to targeting conservative groups for tax enforcement.
WTXF-TV 330 Market Street Philadelphia, PA 19106-2796
