SPRINGFIELD — Gov. J.B. Pritzker has vetoed a plan to forgive $50 million in past-due taxes from private jet manufacturers.
Pritzker vetoed the legislation Monday. It would also extend the breaks through 2024. The Democrat says it “is not the right fiscal decision.”
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Lawmakers approved the tax breaks in 2010. They ended them in 2014 but the companies never paid. Sponsoring Rep. Monica Bristow, a Godfrey Republican, says a 500-employee manufacturer in her district poured $32 million into its plant and payroll in that period.
Bristow and the Senate sponsor, Glen Carbon Republican Rachelle Crowe, say the tax burden will cost the state jobs.
A veto reversal is likely. The House unanimously adopted the measure. The Senate recorded just one “no” vote.