Last month, Pritzker announced he would delay the implementation of economic incentives outlined in the so-called Blue Collar Jobs Act passed in 2019, and this week he announced he’d be seeking the closure of “corporate tax loopholes” in order to shore up the state’s budget.
The program offers up to $20 million in tax credits to construction outfits working on projects related to high impact businesses, enterprise zones, or river edge redevelopment zones.
Rep. Keith Wheeler (R-Oswego) said delaying the agreed-upon tax credits in the middle of the COVID-19 pandemic and recession will end up hurting the state’s economy in the long-term.
Author(s): Derek Cantu
Publication Date: 12 February 2021
Publication Site: NPR Illinois