Friday
Feb272015

Springfield Highlights - Feb. 27, 2015

Energy Policy Proposals Unveiled - Over the next several months, lawmakers will weigh two competing proposals that make major changes in Illinois’ energy policy that could have a significant impact on energy-intensive sectors such as manufacturing. The IMA plans to heavily engage in the energy debate this year as it winds through the legislative process.

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Friday
Feb202015

Springfield Highlights - Feb. 20, 2015

Governor Rauner Offers Budget Blueprint - This week, Governor Bruce Rauner delivered a dose of tough medicine to a joint session of the General Assembly when he gave his inaugural budget address that cuts spending by $6.2 billion from last year’s budget that totaled more than $38 billion.   Under the new budget blueprint, Illinois will have $32 billion in tax revenue to spend next year largely as the result of the reduction in income tax rates that occurred when the temporary income tax expired at the end of 2014.  While critics chafed at reductions to spending cuts in nearly every state agency, it’s important to recognize that this is the first volley in the annual budget battle.

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Monday
Feb092015

Springfield Highlights - Feb. 6, 2015

Governor Bruce Rauner Delivers State of the State Address - In his first major address before a joint session of the General Assembly, newly inaugurated Governor Bruce Rauner laid out a bold and comprehensive plan to create an “Illinois turnaround.” Key themes of the half-hour speech included working together with the legislature in a bipartisan fashion to create jobs, provide property tax relief, empower voters and invest in education and workforce development.

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Thursday
Dec042014

Springfield Highlights - Dec. 4, 2014

Departing General Assembly Gives Asbestos Gift To Trial Bar - In less than a week, the General Assembly introduced and passed legislation on partisan roll call votes in the House of Representatives and Senate that eliminates the ten-year statute of repose for asbestos court cases. An initiative of the Illinois Trial Lawyers Association, SB 2221 eliminates the current statute of repose meaning that there is no time limit by which individuals must discover that they have mesothelioma caused by asbestos. Once an individual determines that they have this disease, they still must abide by the four-year statute of limitations for filing a lawsuit.

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Friday
Nov212014

Springfield Highlights - Nov. 21, 2014

IMA Annual Luncheon Featuring UI Manufacturing Lab Leader - In two weeks, hundreds of manufacturing leaders from across Illinois will gather in Chicago on Friday, December 5 for the IMA’s Annual Luncheon, our premiere event of the year. We are extremely pleased that Caralynn Nowinski, executive director of UI Labs that includes the $320 million Digital Manufacturing and Design Innovation Institute, will be the keynote speaker at the event.

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Friday
Oct172014

Springfield Highlights - Oct. 17, 2014

JCAR Delays Vote on Hydraulic Fracturing Rules - For the second time in a month, members of the Joint Committee on Administrative Rules (JCAR) unanimously voted to delay a final vote on administrative rules while negotiations continue. It has been 487 days since Governor Quinn signed the Hydraulic Fracturing Regulatory Act into law after overwhelming passage by the General Assembly.

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Friday
May232014

SPRINGFIELD HIGHLIGHTS - May 23, 2014

Tax & Budget Debate Continues - With less than ten days remaining in the spring legislative session, the House and Senate appear to remain far apart on passage of a state budget. As the IMA reported last week, the House of Representatives passed a $38 billion budget late last week that presumed revenue from making the temporary income tax hike permanent. Following passage, the House used a parliamentary procedure to keep the bills in the chamber pending discussions on the tax extension.

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Friday
May092014

SPRINGFIELD HIGHLIGHTS - May 9, 2014

Gubernatorial Candidates Headline 2014 Business Day - Governor Patrick Quinn and Republican Bruce Rauner who are squaring off in the November election treated manufacturers attending the IMA’s annual Business Day to a riveting luncheon program featuring spirited remarks. More than three hundred manufacturing leaders and members of the Illinois Retail Merchants Association traveled to the State Capitol to meet with lawmakers to discuss key issues of the day including tax policy, minimum wage, and government regulations.

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Friday
May022014

SPRINGFIELD HIGHLIGHTS - May 2, 2014

Progressive Tax Fails to Advance, Permanent Tax Hike on Table - With the clock counting down, Senator Pro Tempore Don Harmon (D-Oak Park) pulled the plug and did not call SJRCA 40 for a vote this week that would have created a graduated income tax in Illinois. State law requires proposed constitutional amendments to pass the General Assembly six months prior to the election meaning lawmakers needed to act by May 5 in order to meet the deadline. With the General Assembly failing to act this week, Illinois voters will not face a graduated income tax in the November election.

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Friday
Apr042014

SPRINGFIELD HIGHLIGHTS - April 4, 2014

Senate Moves Forward on Graduated Income Tax

Less than a week after Speaker Michael J. Madigan introduced and moved forward with a new graduated tax on “millionaires” the Senate responded with their own graduated income tax proposal.  Sponsored by President Pro Tempore Senator Don Harmon (D-Oak Park), SJRCA 40 as amended provides that “there may be a fair tax where lower rates apply to lower income levels and higher rates apply to higher income levels.”  The IMA strongly opposes the imposition of a graduated tax that violates the basic tenets (broad-based and low rates) of a good tax system and penalizes successful job creators.

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