CME CME Group Inc

The Illinois legislature is expected next week to consider legislation to cut corporate taxes for the CME Group Inc. (CME) and CBOE Holdings Inc. (CBOE) to keep the two financial exchanges in the state, Crain's Chicago reported Thursday on its website.

Senate President John Cullerton said the proposal would change state law to tax the two exchanges only on trades or sales that take place in Illinois, thus excluding electronic trades which pass through the exchanges from out-of-state parties.

A spokesman for the governor's office could not be reached for comment. A CME spokesman declined comment and a spokesman for CBOE couldn't be immediately reached.

Full story at: www.chicagobusiness.com/article/20111020/NEWS01/111019794/legislature-readies-corporate-tax-cuts-for-cme-cboe

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