Pritzker freezes new tax credit for companies — however GOP

SPRINGFIELD — Gov. J.B. Pritzker introduced Friday he’s freezing the implementation of latest industry tax credit and calling for legislators to prevent adjustments to the state’s source of revenue tax framework to save lots of coronavirus-ravaged Illinois simply over part 1000000000 bucks. Outraged Republicans known as it “just one more hit” for suffering industry homeowners. The new, expanded state tax credit would have price the state $20 million once a year, in step with the governor’s information unlock pronouncing the freeze and proposal. They have been licensed in 2019 as a part of a chain of tax adjustments that have been scheduled to take impact initially of this yr. But the governor argues that the tax credit got here on