Pritzker vetoes tax break for private jet manufacturers
SPRINGFIELD, Ill. (AP) — Gov. J.B. Pritzker has vetoed a plan to forgive $50 million in past-due taxes from private jet manufacturers.
Lawmakers approved the tax breaks in 2010. They ended them in 2014 but the companies never paid. Sponsoring Rep. Monica Bristow, a Godfrey Republican, says a 500-employee manufacturer in her district poured $32 million into its plant and payroll in that period.
Bristow and the Senate sponsor, Glen Carbon Republican Rachelle Crowe, say the tax burden will cost the state jobs.
A veto reversal is likely. The House unanimously adopted the measure. The Senate recorded just one “no” vote.
The bill is HB3902.
Governor’s veto message: https://bit.ly/2DeUZ0v