SCHAUMBURG, Ill. – In an effort to hold accountable corporations that turn their backs on Illinois workers by shipping jobs overseas, state Rep. Michelle Mussman, D-Schaumburg, is co-sponsoring legislation that will require businesses to pay back the tax breaks they received should they move jobs out of state.
“Corporations should not receive tax incentives for development that does not benefit our community,” said Mussman. “During such a difficult financial time in our state, any investment we make in a business should be returned to local families through job creation and economic growth.”
The Keep Illinois Business Act would disqualify any business that has moved all or part of its operations out of state from receiving assistance for economic development. The legislation would also require these businesses to pay back the monetary assistance previously received if they move jobs out of the state. Businesses will have the opportunity to challenge the revocation if they feel it is unjust or improper. Mussman hopes this effort will deter businesses that want to increase their profit margins by moving out of state.
“While middle class families are being nickeled and dimed by property taxes, some businesses are receiving tax breaks that they do not deserve,” Mussman said. “The Keep Illinois Business Act will encourage businesses to focus their growth in our local economy.”
For more information, please contact Mussman’s constituent service office at (847) 923-9104 or by email at StateRepMussman@gmail.com.