Illinois lawmakers have adjourned without approving bills proposing tax incentives for Archer Daniels Midland Company, chemical distributor Univar and newly-merged OfficeMax and Office Depot.
The Senate OK’d two bills Tuesday. One would give ADM up to $30 million in tax breaks. The other calls for roughly $58 million in incentives for Univar and OfficeMax.
However, the House adjourned after a pension vote.
* Speaker Madigan was asked yesterday to respond to ADM’s declaration that it needed a decision by the end of the year…
Q: On the ADM bill – you didn’t call that bill.
Madigan: “It’s still under consideration.”
Q: They’re saying they want an answer by the end of the year.
Madigan: “OK, well that’s nice.”
Also Tuesday, State lawmakers have adjourned without approving legislation supporters say would give the horse racing industry a needed boost.
Arlington International Racecourse officials said in a Tuesday statement that they’re disappointed.
Legislation allowing online betting on horse racing expires at January’s end. Race dates would be severely cut if legislators don’t renew the betting law and give Illinois’ racing board access to money wagering generates.
The plan renews the betting law for three years, calls for a surcharge on wagers and provides off-track betting licenses at parks.
A House committee approved legislation Monday. But it didn’t come up on the floor Tuesday as lawmakers approved major pension overhaul.
The legislature will have just one day to prove that it does because the current legislation allowing advanced deposit wagering is scheduled to elapse at midnight on Jan. 31, 2014, and the legislature is not scheduled to reconvene again until a one-day session on Jan. 29.
In the past, however, the legislature has set aside that day solely for the annual state of the State address and not convened to pass legislation.
If there is no action taken on the 29th, a doomsday scenario outlined by the Illinois Racing Board could kick in, one that would cut Arlington’s 2014 meet nearly in half and decimate the schedules of other thoroughbred and harness tracks around the state.
While it promises to be a nail-biting finish, Petrillo said Arlington and the racing industry as a whole will spend the next two months doing everything it can to improve the odds of getting the legislation passed.