Senate OKs Incentives for OfficeMax, Univar
SPRINGFIELD, Ill. (AP) – The Illinois Senate has approved tax incentives worth roughly $58 million for chemical distributor Univar and newly-merged OfficeMax and Office Depot.
Senators approved the plan by a 43-10 vote Tuesday. The measure now moves to the House, where lawmakers were taking up a major pension overhaul.
The proposal is aimed at creating jobs and keeping companies in Illinois.
The incentives are separate from a plan a House committee considered Monday. That one proposes a satellite television tax expected to generate $75 million annually and includes $92 million worth of incentives for Univar, OfficeMax and Archer Daniels Midland Company.
Univar wants to relocate to Illinois from Washington state. Naperville-based OfficeMax merged with Florida-based Office Depot last month. ADM plans to relocate from Decatur.
The bills are HB3271 and SB1227.
© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.