SPRINGFIELD – State Senator Steve Stadelman (D-Rockford) joined fellow lawmakers to pass a measure that would prevent the loss of hundreds of good-paying jobs across the state, including dozens in the Rockford area.
The legislation would reinstate a sales tax exemption for aircraft maintenance materials. Most other states offer this exemption, so Illinois needs it to remain competitive. Illinois neighbors Wisconsin, Missouri and Indiana all offer similar exemptions, as do major competitors like California and New York.
“Companies like Emery Air provide good-paying jobs in the Rockford-area,” Stadelman said. “We need to keep Illinois open for business and support these aviation jobs.”
Over the last four years, since the exemption expired, aviation repair companies didn’t charge any sales taxes along with their services. The Department of Revenue failed to identify or collect missing tax revenue. The legislation forgives the companies for unintentionally not collecting taxes.
“These companies shouldn’t be penalized for not collecting the tax when they didn’t know the tax credit had expired,” Stadelman said. “I’m urging the governor to reconsider signing this crucial legislation. Hundreds of Illinoisans’ jobs depend on it.”
House Bill 3902 passed the Senate 48-1-2, and it will now be sent to the governor, who has already pledged to veto the measure.