With fiscal year 2025 beginning July 1, Gov. JB Pritzker continues to tout available state tax incentives and promote Illinois as a site for business development. On the season finale of “Illinois Lawmakers,” Pritzker pointed to a pair of developments in East Alton and Normal as proof of his administration’s effectiveness in luring businesses to […]
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Ryan budget threatens federal tax credit for historic preservation
By Monica Stabile In 1981, President Ronald Reagan signed the Historic Rehabilitation Tax Credit into law as part of the Economic Recovery Act. Since then, the credits have been used to repurpose more than 40,000 historic buildings across the nation, including 253 such buildings in Illinois and several in Springfield. “Our historic tax credits have […]