Business | WCTV Eyewitness News: Tallahassee, Thomasville, Valdosta

Jimmy John's Founder: Taxes May Force Florida Move

By: AP
By: AP

CHAMPAIGN, Ill. (AP) --

The founder of Jimmy John's sandwich shops says he's considering moving his company's headquarters from Champaign to Florida because of Illinois' new tax increase.

Jimmy John Liautaud told The (Champaign) News-Gazette on Tuesday that he's gathering information on a potential move and will ask the company's board to decide.

Liautaud says he could absorb the increased costs but doesn't
believe he should have to.

Governor Pat Quinn signed the income tax increase last week to
help address billions of dollars in state budget shortfalls. The
corporate tax rate increased from 4.8 to 7 percent.

Jimmy John's headquarters employs 100 people in Champaign. The
privately held chain has more than 1,000 sandwich shops around the
country.

Liautaud says he recently moved his family to Florida from
Champaign.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WCTV 1801 Halstead Blvd. Tallahassee, FL 32309
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 114222259