SPRINGFIELD - Governor JB Pritzker vetoed House Bill 3902 today, which would provide a sales tax exemption for private aircraft parts and components through December 31, 2024.
The past-due taxes from Illinois’ private jet companies amount to roughly $50 million, including interest and penalties. This bill would also allow an additional $10 million per year in tax credits through 2024.
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"Giving private aircraft companies tens of millions of dollars in past-due tax forgiveness is not the right financial decision for our state as we face billions in debt associated with unpaid bills, a multi-billion-dollar structural deficit, and critical needs in schools and public safety services,” writes Governor JB Pritzker in the veto message.
