Lege Trend: Eliminate Business Tax Breaks for No Net Job Gains

Which state is reigning in business tax decuductions? LOL- Land of Lincoln

Which deduction is on the chopping block? A business tax cut that allowed a deduction for the cost of creating new jobs even when the same company cut the same number of jobs somewhere else in the state. 

The deduction allowed a business that overall cut jobs to get a tax deduction? yes. The Illinois Tax Code allowed every location, division or subsidiary to be treated for tax purposes as an independent operation.

Governing | Illinois Governor Ends Controversial Business Tax Loophole