The Chicagoland Chamber of Commerce testified at a joint hearing of the Illinois House Revenue & Finance and State Government Administration Committees on Friday, January 17th on the state's current policies on providing tax incentives to attract and retain businesses.
Jim Kane, Chairman of the Chamber's Taxation Forum, testified before the committee highlighting that Illinois's unemployment rate remains one of the highest in the nation at 8.7% and suggesting that the legislature and the Department of Commerce and Economic Opportunity should focus on policies that create jobs.
The Committees plan to hold multiple joint-hearings throughout the spring to study available data on the incentive and tax policies in Illinois and other states in direct competition with Illinois, as well as take additional testimony in an effort to develop a policies to make Illinois more competitive.
Click here to view a copy of Jim Kane's testimony.