Tax Incentives

City Hall

Alderman Wants Companies Seeking City Subsidies To Disclose Tax Info

Ald. Will Burns (4th) and some colleagues have sponsored a measure that would require large corporations seeking financial assistance from the city to declare how much they pay – or don’t pay – in corporate income taxes.


Walter Jacobson

Walter’s Perspective: Motorola Should Keep Their Promise

Shh. Don’t breathe a word. Be quiet about unemployment in Illinois, about 750 workers being fired by Motorola Mobility.

CBS 2–08/14/2012

Banners hanging outside the Sears store on State Street in downtown Chicago. (Credit: CBS)

Up To 120 Sears, Kmart Stores To Close

Hoffman Estates-based Sears Holdings Corp. is closing between 100 and 120 Sears and K-Mart stores, after abysmal holiday sales.

CBS Chicago–12/27/2011

Illinois House Floor

House Reaches Deal For Tax Breaks For Sears, CME

Illinois lawmakers will try again to pass a measure aimed at keeping two of the state’s largest companies from jumping ship.

CBS Chicago–12/08/2011

Illinois House Floor

Lawmakers To Try Again On Package To Keep Sears, CME Group

State lawmakers are going take one more try before the end of the year to pass tax relief for Illinois businesses that are threatening to leave.

CBS Chicago–12/07/2011

Illinois State Capitol

Tax Breaks For CME Group, Sears To Be Discussed After Thanksgiving

SPRINGFIELD, Ill. (CBS) — Tax breaks for a few big businesses could get a vote in the Illinois General Assembly after Thanksgiving. As WBBM Newsradio’s Dave Dahl reports, lawmakers will return on Nov. 29, after […]

CBS Chicago–11/17/2011

The headquarters of Sears Holding Corporation rises above the trees on the company's corporate campus in Hoffman Estates. (Credit: Scott Olson/Getty Images)

School District 300 Head Offers Alternative To Keep Sears In Illinois

A northwest suburban school superintendent is trying to keep Sears headquarters in his district with a more evenhanded approach than hundreds of protestors who don’t care if Sears stays or goes.

CBS Chicago–10/25/2011

Illinois State Capitol

Students To Rally At Capitol To Oppose Tax Break For Sears

Staff, parents and students from School District 300 in the northwestern suburbs were headed to Springfield on Monday to tell lawmakers they oppose extending existing tax incentives to keep Sears headquarters in Hoffman Estates.

CBS Chicago–10/24/2011