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.