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Debate Brewing About Possible Tax Loophole
MARK, Ill. (AP) -- A ruling by a judge that a fuel company is based in Putnam County, not suburban Cook County, has worried Chicago-area officials that companies will flee to avoid taxes.

The Chicago Tribune reports a Putnam County judge ruled in January that Hartney Fuel Oil Co., with sales of $200 million a year, had its sales office in the village of Mark. There are no local sales taxes in Mark.

Hartney has a longtime office in west suburban Forest View.

The state of Illinois is appealing the judge's decision. Meanwhile in Springfield some see a widening loophole that could cost millions of dollars for local governments.

Cook County Board President Toni Preckwinkle says it could further decrease the tax base and jeopardize funding for critical resources.

(Copyright 2011 by The Associated Press. All Rights Reserved.)
04 27 11 by Newsroom
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