Ill. tax measure would paint only partial picture


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Posted Online: Dec. 09, 2012, 10:03 am
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CHAMPAIGN, Ill. (AP) Democratic leaders in Illinois' General Assembly want to make public how much publicly traded companies pay or don't pay in state taxes. But their corporate tax-disclosure bill may have a tough time painting a complete picture.

Skeptics like Todd Berry of the nonpartisan Wisconsin Taxpayers Alliance say corporations are usually structured in complex ways in different locations. That makes it difficult to say just how much they're paying.

The bill was introduced by Senate President John Cullerton and House Majority Leader Barbara Flynn Currie. The Senate passed it last week.

Cullerton spokeswoman Rikeesha Phelon acknowledges that a complete picture may be hard to get. But she says even an incomplete picture would be better than none at all.
















 




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  Today is Monday, Sept. 15, the 258th day of 2014. There are 107 days left in the year.

1864 — 150 years ago: The Rock River Illinois conference of the Methodist Church will hold its annual sessions this week in this city. About 200 ministers are expected to attend.
1889 — 125 years ago: The Brush electric company had prepared a new schedule of rates to become effective Oct. 1, with slightly increased rates to consumers.
1914 — 100 years ago: The Rock Island Aerie of Eagles made plans for the laying of the cornerstone of a new $50,000 Eagles Home. W.C. Maucker is to be master of ceremonies.
1939 — 75 years ago: Col. Charles A. Lindbergh spoke on "America and Foreign War" in a neutrality debate over nation wide radio hook-up.
1964 — 50 years ago: Two awards of the National Safety council were presented to the city of Rock Island today at noon at a meeting held in the YWCA.
1989 — 25 years ago: The final tallies are not yet in for the summer 1989 Quad-Cities tourism season, but officials are expecting the number of visitors to the area to be at least as good as, if not better than, 1988.






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