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 Wednesday, Oct. 1, the 274th day of 2014. There are 91 days left in the year.

1864 -- 150 years ago: It is rumored in the streets that the 13 negroes sent to Quincy on the Moline quota were refused. We think this must be a mistake.
1889 -- 125 years ago: Harvey McKenna, of Detroit, billiard player matched to play Wizard Schafer in New York in January for the world championship, was a professional friend and manager, Billy Catton in Rock Island.
1914 -- 100 years ago: Levi Cralle, former Rock Island county sheriff, had come from his farm near Mitchell, S.D. to visit friends in the city.
1939 -- 75 years ago: Work is being rushed on the new high school building in Orion to replace the one destroyed by fire last winter. Classes are being held in churches.
1964 -- 50 years ago: Rehearsals for the 84th season of the Handel Oratorio Society chorus will begin at 7:30 p.m. Monday on the stage of Centennial Hall, Augustana College.
1989 -- 25 years ago: The Rock Island City Council's plan announced this week to have the federal government vacate Valley Homes public housing and move residents to Arsenal Courts to reduce density may not be feasible.






(More History)