Senate Oks ADM, OfficeMax and Univar Tax Incentives

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SPRINGFIELD, Ill. (AP) -- Illinois lawmakers have adjourned without approving bills proposing tax incentives for Archer Daniels Midland Company, chemical distributor Univar and newly-merged OfficeMax and Office Depot.

The Senate OK'd two bills Tuesday. One would give ADM up to $30 million in tax breaks. The other calls for roughly $58 million in incentives for Univar and OfficeMax.

However, the House adjourned after a pension vote.

The proposals are aimed at keeping companies in Illinois and creating jobs.

Univar wants to relocate to Illinois from Washington state. Naperville-based OfficeMax merged with Florida-based Office Depot last month. ADM wants to relocate from Decatur.

On Monday, a House committee considered another plan giving roughly $92 million in incentives to all three. It also proposed a satellite television tax.
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The bills are HB2536, SB1227 and HB3271.



 
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