High Voltage Software Seeks Tax Incentives Amidst Illinois Legislature Pension Shortfall Fight

November 5, 2013 - GamePolitics Staff

Buried in a story about a number of companies seeking incentives from the Illinois state legislature being held up by a veto by Governor Pat Quinn over a lack of pension reform, High Voltage Software's name popped up. Apparently Fred Crespo, a Hoffman Estates (a northwestern suburb of Chicago) Democrat, is pushing incentives legislation for the company, which is headquartered in his district. According to the Herald-Whig Crespo's bill would give the developer tax credits it says "it needs to compete with mainly Canadian competitors."

High Voltage Software is certainly one of the smaller fish in a big pond looking to get tax incentives and investment from the state. The biggest is agricultural giant ADM, who is seeking $24 million in state incentives to keep its global headquarters in Illinois. The company, currently located in Decatur, said that it would move 100 of its top executives to a city served by a world-class airport. Chicago is under consideration.

All of the incentive bills being pushed by various lawmakers are being stalled by pressure from the Governor to deal with a state pension shortfall. The Governor has promised that he would veto any legislation that doesn't deal with this issue. The pension fund has a shortfall of $100 billion.

You can read more about the posturing of these various deals in the Illinois legislature here. Sen. John Sullivan said that there is a chance that these issues could be picked up again after the Thanksgiving holiday.

Source: Herald-Whig


Comments

Re: High Voltage Software Seeks Tax Incentives Amidst ...

It is the dream of everyone in Illionis except people from Cook County (Chicago) and St Claire County (East St. Louis) that Illionis kicks out Chicago and St Louis. Perhaps Chicago could become its own state and we give East St Louis back to St. Louis...but it's all a dream....

It's almost election season here meaning Democrats have to convince two or three counties that will do something to harm Chicago to win since Democrats need what like six counties out of 100 to win major offices?

Last time Quinn promised to send the National Guard to occupy and march on Chicago what is every Republican or Illionis citizens wet dream.

Of course it pissed off Chicago but what are they going to do vote Republican lol? And that's how Quinn won the last Governor race. And liberals across the nation don't tell me that crazy lies cause you guys said the same thing before when I mentioned Blago's crazy actions before he was caught selling a Senate seat

Re: High Voltage Software Seeks Tax Incentives Amidst ...

They need tax incentives to turn out crap like Conduit 2 or Toy Story Mania!? Were not talking about a good developer, most of their game score in the 40% - 60% range. 

Re: High Voltage Software Seeks Tax Incentives Amidst ...

Unless they're making Conduit 3 for Wii U, I say turn them down.

--- With the first link, the chain is forged.

Re: High Voltage Software Seeks Tax Incentives Amidst ...

According to the Herald-Whig Crespo's bill would give the developer tax credits it says "it needs to compete with mainly Canadian competitors."

Canada: A well-known haven from high taxes.

 
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