Ward Room
Covering Chicago's nine political influencers

Pension Vote Crowds Out House Incentive Bill, For Now

The House adjourned on Tuesday without voting on corporate tax breaks




    Tuesday’s dramatic vote on fixing Illinois’ pension crisis has delayed a bill to give millions in corporate tax breaks to three companies seeking to locate their headquarters in Illinois.

    Archer Daniels Midland Company, chemical distributor Univar and newly-merged OfficeMax and Office Depot are all seeking help to either keep or move their headquarters to Illinois.

    Two bills passed the Senate Tuesday, one giving ADM up to $30 million in tax breaks, the other offering $58 million for Univar and OfficeMax.

    However, the House adjourned after a pension vote without taking up the Senate’s bills.

    ADM in particular is seeking a fast resolution of its issue. Gregory Webb, ADM vice president for state government relations, on Monday said "We need a decision by the end of ‘13 so now is the time."

    Asked Tuesday about a timetable for when the House may move on ADM’s demand, however, House Speaker Michael Madigan was noncommittal.

    ADM has said it wants to move its headquarters from downstate Decatur to a more “global” city, particularly Chicago.

    On Monday, a House committee considered another plan giving roughly $92 million in incentives to all three companies, paid for in part by a proposed a satellite television tax.