Since August 2014, when the Graphics Arts Sales Tax Exemption & the Manufacturers Purchase Credit expired, the Illinois printing industry has been fighting to reinstate them.
Since these tax incentives expired, more than $46.6 million in graphics arts equipment purchases & 204 jobs have been put on hold due to the loss of those tax incentives, according to Bill Gibson, IL Director of Great Lakes Graphics Association (GLGA).
This May, the Illinois General Assembly ended its regular session, marking a 3[SUP]rd[/SUP] year without a complete state budget. Meanwhile, Illinois has had its credit rating downgraded to one step above “junk” status and has amassed more than $14 billion in unpaid bills.
GLGA is urging their members & friends of the IL printing industry to contact their House members & express to them how important those incentives are for employers & job growth in the state.
Since these tax incentives expired, more than $46.6 million in graphics arts equipment purchases & 204 jobs have been put on hold due to the loss of those tax incentives, according to Bill Gibson, IL Director of Great Lakes Graphics Association (GLGA).
This May, the Illinois General Assembly ended its regular session, marking a 3[SUP]rd[/SUP] year without a complete state budget. Meanwhile, Illinois has had its credit rating downgraded to one step above “junk” status and has amassed more than $14 billion in unpaid bills.
GLGA is urging their members & friends of the IL printing industry to contact their House members & express to them how important those incentives are for employers & job growth in the state.