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August 27, 2014, 2:14 pm
970 WMAY News

State Lawmakers Consider Tax Deal to Keep ADM in Illinois


Illinois lawmakers are considering a tax incentive package in hopes of persuading agribusiness giant Archer Daniels Midland Company not to move its global headquarters out of the state.

 

The proposal filed Friday in the Illinois House would give ADM a 10 percent break on utility taxes for up to 30 years and a credit against some state income tax withholdings.

 

The value of the incentives was not disclosed.

 

ADM has announced that it intends to relocate its global HQ away from Decatur, but hasn’t said where it might go.

 

Chicago is among the sites being considered.

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