Illinois policymakers have discussed the possibility of implementing a 10 percent tax on advertising and related services.
This policy, were it ever to become law, would add a hefty increase to the cost of advertising, which in turn could impact the cost of everything from dining out to selling a house. After all, a 10 percent increase tacked onto ad rates via a sales tax would likely be passed onto the consumer.
Luckily, there’s a growing coalition of those who are trying to make sure this bad policy never goes before lawmakers for consideration. No Ad Tax Illinois has put together a website that looks at the impacts this policy could have for those who live in the state. As the site states:
As small businesses close, communities will suffer. Local business owners will lose their investments, workers will lose their jobs and communities will lose vital sources of economic activity.
Learn more about the tax proposal, and watch an informative video.