Some people in the fun and games business are pushing for a tax incentive to help their Hoffman Estates-based company.
Jake Fitch, vice president of High Voltage Software, says his twenty-year-old company faces challenges from outside Illinois' borders: “We often run up against competitors who have significant tax credits in other states, and, more importantly, we run into competitors who have significant credits in Canada – people who have studios in Canada,” he told members of a House committee. “If we know we are competing against a Canadian studio, we know we really have no chance because of those significant tax credits.”
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The sponsor, State Rep. Fred Crespo (D-Hoffman Estates), says the credit would apply when the company's performance exceeds the average of the past three years.