Ill. House approves CME/CBOE tax deal

CHICAGO (MarketWatch) -- A package of tax breaks to keep Chicago's largest derivatives exchanges and a major retailer in Illinois won approval Monday in the Illinois House of Representatives, but only after state government leaders reconfigured the deal.

The House vote was 81-28, with seven members declining to vote. The measure received only eight 'yes' votes late last month when the same chamber overwhelmingly rejected the proposal.

The defeat was largely due to disagreements about broader tax relief that would aid low-income workers.

Illinois House approves CME-CBOE, Sears tax deal

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