Watch CBS News

Lawmakers Consider Tax Breaks For Sears, CME

CHICAGO (CBS) -- Illinois lawmakers return to Springfield today to finish the fall veto session.

One of the top items on their agenda is a new package of tax breaks to keep both Sears and the parent company of the Chicago Mercantile Exchange and the Board of Trade in Illinois.


LISTEN: WBBM Newsradio's Bernie Tafoya Reports

Podcast

Both have threatened to leave the state unless they get a deal. The proposal for Sears and CME would include $100 million in breaks. It also requires Sears to maintain 4,000 jobs at its Hoffman Estates headquarters.

A 220-page proposal filed by lawmakers yesterday also includes tax credits for the working poor favored by Gov. Pat Quinn, as well a research and development tax credits for businesses throughout the state.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.