Ill. Senate Approves Cullerton Tax Transparency

By  | 

SPRINGFIELD, Ill. (AP) -- 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.


The bill is SB282.


Comments are posted from viewers like you and do not always reflect the views of this station. powered by Disqus