House Delays Action On ADM Incentives

October 22, 2013

The sponsor of a bill to give Archer Daniels Midland Company up to $24 million in tax breaks to keep its headquarters in Illinois opted not to call it for a vote Tuesday.  

The House Revenue and Finance Committee had been scheduled to consider the bill. But Rep. John Bradley, a Democrat from Marion, took it off the agenda.
Bradley says the incentives for ADM and several other companies "are all under consideration.'' He declines to say when or if the bill will get a vote.
In an email, an ADM spokesman says the company is still in discussions with officials and has no update.
ADM announced last month it plans to move its global headquarters from Decatur to a location with better international access.

Story source: AP