Bill Text: IL HR0028 | 2017-2018 | 100th General Assembly | Introduced
Bill Title: States the body's opposition to any additional taxes on advertising or advertising-related services and states the belief that Illinois' present fiscal crisis must be managed in other ways besides a new tax on business owners throughout the State.
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: (Failed) 2019-01-08 - Session Sine Die [HR0028 Detail]
Download: Illinois-2017-HR0028-Introduced.html
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| 1 | HOUSE RESOLUTION
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| 2 | WHEREAS, The State of Illinois is currently experiencing a | ||||||
| 3 | fiscal crisis and is considering a multitude of options to | ||||||
| 4 | solve the State's economic concerns; and
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| 5 | WHEREAS, A proposed tax on advertising and | ||||||
| 6 | advertising-related services to generate revenue to balance | ||||||
| 7 | the State's budget has been contemplated by some in the State's | ||||||
| 8 | leadership; and
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| 9 | WHEREAS, A tax on advertising has proven to slow economic | ||||||
| 10 | growth; no other state in the nation specifically applies a | ||||||
| 11 | sales tax to advertising; and
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| 12 | WHEREAS, The State of Florida previously imposed a tax on | ||||||
| 13 | advertising and advertising-related services, only to see a | ||||||
| 14 | loss of jobs and personal income due to lost advertising | ||||||
| 15 | revenue; Florida also saw ad purchases decrease by 12% and go | ||||||
| 16 | to neighboring states, ultimately resulting in a loss of $100 | ||||||
| 17 | million in advertising revenue and a repeal of the tax 6 months | ||||||
| 18 | later; and
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| 19 | WHEREAS, A tax on advertising in Illinois would cripple the | ||||||
| 20 | ability of business owners, both large and small, to market | ||||||
| 21 | goods and services and cause the businesses to inevitably lose | ||||||
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| 1 | customers; and
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| 2 | WHEREAS, A tax on advertising would devastate the | ||||||
| 3 | advertising industry in Illinois, driving revenue and jobs to | ||||||
| 4 | neighboring states and hurting Illinois' already fragile | ||||||
| 5 | economy; and
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| 6 | WHEREAS, The advertising industry in Illinois helps | ||||||
| 7 | generate 17.3% of Illinois' economic activity and produces over | ||||||
| 8 | 900,000 jobs; and
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| 9 | WHEREAS, An additional tax on advertising is | ||||||
| 10 | counterintuitive and goes against the pro-business, pro-jobs, | ||||||
| 11 | pro-growth policies that should be under careful consideration | ||||||
| 12 | as Illinois seeks to regain sound financial footing; therefore, | ||||||
| 13 | be it
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| 14 | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | ||||||
| 15 | HUNDREDTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we | ||||||
| 16 | state our firm opposition to any additional taxes on | ||||||
| 17 | advertising or advertising-related services; and be it further
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| 18 | RESOLVED, That we state our belief that Illinois' present | ||||||
| 19 | fiscal crisis must be managed in other ways besides a new tax | ||||||
| 20 | on business owners throughout the State.
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