Lawmakers consider tax incentives for ADM, others

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Springfield (AP) -- Lawmakers are considering $92 million worth of tax incentives for Archer Daniels Midland Company, chemical distributor Univar and newly-merged OfficeMax and Office Depot that proposes a satellite television tax.

 

Legislation filed Monday calls for a 5 percent fee on direct broadcast satellite services, which is expected to bring in $75 million annually. A House committee heard testimony Monday. Legislators could take it up on the floor as early as Tuesday when they're expected to vote on a pension overhaul.

 

The incentives are spread out over several years and aimed at keeping companies and creating jobs in Illinois.

 

ADM wants to move its headquarters from Decatur. Univar wants to relocate from Washington state to Downers Grove. Naperville-based OfficeMax merged with Florida-based Office Depot last month.

 

The bill is SB1227

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