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IL HR0028
Resolution
Status
1/10/2019
Primary Sponsor
David McSweeney
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AI Summary
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Illinois House of Representatives opposes any additional taxes on advertising or advertising-related services during the state's fiscal crisis.
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No other state currently applies a sales tax specifically to advertising, and Florida's previous advertising tax resulted in a 12% decrease in ad purchases and $100 million in lost revenue before repeal within 6 months.
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The advertising industry in Illinois generates 17.3% of the state's economic activity and produces over 900,000 jobs.
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Imposing an advertising tax would cripple business owners' ability to market goods and services, drive revenue and jobs to neighboring states, and contradict pro-business and pro-growth economic policies.
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The House asserts that Illinois' fiscal challenges must be addressed through alternative means rather than imposing new taxes on businesses.
Legislative Description
OPPOSE NEW ADVERTISING TAXES
Last Action
Rule 19(b) / Re-referred to Rules Committee
7/2/2019