Do private jet facilities deserve a tax break dating back to 2014 worth $50 million?
The Illinois House thinks so and voted in veto session to approve a retroactive tax break to aid companies that update and repair private jets. An East Alton area lawmaker says a business in her district benefits and has added workers and improved facilities because of it. Democrat Governor JB Pritzker disagrees.
There are 14 private jet facilities that would get the break. The taxes are owed after a state law in 2014 ended all permanent tax breaks.
Those facilities didn’t collect or pay sales tax from that point on and it’s estimated that the total amount of unpaid taxes is close to $50 million.