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Update: Legislature Adjourns Without ADM Incentives

Senate Chamber

Illinois lawmakers have adjourned without approving bills proposing tax incentives for Archer Daniels Midland Company, chemical distributor Univar and newly-merged OfficeMax and Office Depot.        

The Senate OK'd two bills Tuesday. One would give ADM up to $30 million in tax breaks. The other calls for roughly $58 million in incentives for Univar and OfficeMax.

However, the House adjourned after a pension vote.

The proposals are aimed at keeping companies in Illinois and creating jobs.        

Univar wants to relocate to Illinois from Washington state. Naperville-based OfficeMax merged with Florida-based Office Depot last month. ADM wants to relocate from Decatur.         

On Monday, a House committee considered another plan giving roughly $92 million in incentives to all three. It also proposed a satellite television tax.

The bills are HB2536, SB1227 and HB3271.
 

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A state Senate committee has approved tax incentives worth roughly $58 million for chemical distributor Univar and newly-merged OfficeMax and Office Depot.

Senators approved the plan Tuesday 9-1. Lawmakers could take a floor vote later in the day when they're set to vote on pension legislation.        

The incentives are separate from a plan a House committee considered Monday. That one proposes a satellite television tax expected to generate $75 million annually and includes $92 million worth of incentives for Univar, OfficeMax and Archer Daniels Midland Company.     Both proposals are aimed at creating jobs and keeping companies in Illinois.        

Univar wants to relocate to Illinois from Washington state. Naperville-based OfficeMax merged with Florida-based Office Depot last month. ADM plans to relocate from Decatur. 

The legislation is HB-3271 and HB-1227

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