Gov. Pritzker Vetoes Bill Giving Tax Breaks to Private Jet Companies

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.
 
"Giving private aircraft companies tens of millions of dollars in past due tax forgiveness is not the right fiscal 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.
 
The full veto message is attached.