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* Press release…
Governor JB Pritzker vetoed House Bill 3902 today, which would provide a sales tax exemption for private aircraft parts and components through December 31, 2024.
The past due taxes from Illinois’ private jet companies amount to roughly $50 million, including interest and penalties. This bill would also allow an additional $10 million per year in tax credits through 2024.
“Giving private aircraft companies tens of millions of dollars in past due tax forgiveness is not the right fiscal decision for our state as we face billions in debt associated with unpaid bills, a multi-billion-dollar structural deficit, and critical needs in schools and public safety services,” writes Governor JB Pritzker in the veto message.
The bill’s final passage vote was November 14. It was sent to the governor on November 20. That was quick.
* From his veto message…
My administration appreciates the hard work of the sponsors of this legislation in the House and Senate. However, I am opposed to providing a sales tax exemption to private aircraft companies. The delinquent taxes owed from Illinois’ private jet companies amounts to roughly $50 million, including interest and penalties, and if House Bill 3902 became law, the state would be allowing an additional $10 million per year in tax credits through 2024. […]
Most importantly, we are working to balance our budget and to provide a stable fiscal environment upon which to build a thriving economy. Allowing this past due tax forgiveness to the private jet industry at this time is not in line with this vision.
The bill passed both chambers with huge veto-proof majorities.
posted by Rich Miller
Monday, Nov 25, 19 @ 2:19 pm
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=== The bill passed both chambers with huge veto-proof majorities.===
Early holiday present.
Probably one of the easiest vetoes Pritzker will get in this term.
Comment by Oswego Willy Monday, Nov 25, 19 @ 2:25 pm
Hip Hop artists are dripping cash these days. The private jet industry might be wise to try to sell a few… oh… (Emily Littella voice) nevermind.
Comment by Kippax Blue Monday, Nov 25, 19 @ 2:25 pm
“Most importantly, we are working to balance our budget and to provide a stable fiscal environment upon which to build a thriving economy”
Hope he applies the same test to all other spending
Comment by Donnie Elgin Monday, Nov 25, 19 @ 2:25 pm
I see a deal coming together..
Comment by NotRich Monday, Nov 25, 19 @ 2:51 pm
It’s all about priorities. What would my answer be if asked “What is the best way Illinois could give away $50 million in tax revenue plus an additional $10 million through 2024?” First to mind would be putting it towards the pension debt. Second would be to increase wages for DSPs which helps all communities in the state in terms of employment as well as people with disabilities. Third would be private jet companies, which are very important to me. Fourth would be Exelon because I like to increase everyone’s utility rates. Fifth, a tie between kids needing DCFS supports and resources for schools to support kids who don’t function well in the educational environment. Seventh would be those on my Most Trusted list.
Comment by Earnest Monday, Nov 25, 19 @ 3:07 pm
I guess JB is a show horse who can now crow about how fiscally responsible he is while getting his veto over ridden
Comment by Lucky PIerre Monday, Nov 25, 19 @ 4:13 pm
=== show horse who can now crow about how fiscally responsible he is while getting his veto over ridden===
Kinda like Rauner, with vetoes of that third year budget… and Rauner begged his veto to be overridden.
Good times, lol
Comment by Oswego Willy Monday, Nov 25, 19 @ 4:22 pm
Perhaps Governor Pritzker and IDOT could explain when they plan to start up the state air fleet that is tucked away at Capital Airport - if saving money is a real concern.
Comment by Anon Monday, Nov 25, 19 @ 5:10 pm
I remember Rauner and OSHA. I also remember heat lamps turned on striking workers in the summer while walking the picket line in front of the Hyatt. Class warfare is class warfare no matter what letter comes after the name. Bloomberg D stop and frisk. It’s what the ultra rich do.
Comment by Anonymous Monday, Nov 25, 19 @ 7:29 pm
Sorry wrong post
Comment by Anonymous Monday, Nov 25, 19 @ 7:31 pm