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| | SR1751 | | LRB099 21051 GRL 46173 r |
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1 | | SENATE 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 |
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 |