Illinois' New Smart Growth Tax Breaks

The state will provide financial incentives to businesses who locate near transit and affordable housing.
July 20, 2006, 1pm PDT | Christian Madera | @cpmadera
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"Starting next year, Illinois will provide additional tax breaks to companies that build near affordable housing units or public-transportation routes, in a move legislators say will continue to attract new companies and new jobs to the state while also reducing sprawl.

Though the measure is widely supported, some say offering incentives without mandating restrictions on where businesses can build is not enough. Others criticize giving corporations big tax breaks and government-funded infrastructure investments at public expense, arguing that politicians and corporations have historically abused subsidies and contributed to urban sprawl."

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Published on Monday, July 17, 2006 in The New Standard
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