HR0028LRB101 04012 ALS 49020 r

1
HOUSE RESOLUTION

 
2    WHEREAS, The State of Illinois is currently experiencing a
3fiscal crisis and is considering a multitude of options to
4solve the State's economic concerns; and
 
5    WHEREAS, A proposed tax on advertising and
6advertising-related services to generate revenue to balance
7the State's budget has been contemplated by some in the State's
8leadership; and
 
9    WHEREAS, A tax on advertising has proven to slow economic
10growth; no other state in the nation specifically applies a
11sales tax to advertising; and
 
12    WHEREAS, The State of Florida previously imposed a tax on
13advertising and advertising-related services, only to see a
14loss of jobs and personal income due to lost advertising
15revenue; Florida also saw ad purchases decrease by 12% and go
16to neighboring states, ultimately resulting in a loss of $100
17million in advertising revenue and a repeal of the tax 6 months
18later; and
 
19    WHEREAS, A tax on advertising in Illinois would cripple the
20ability of business owners, both large and small, to market
21goods and services and cause the businesses to inevitably lose

 

 

HR0028- 2 -LRB101 04012 ALS 49020 r

1customers; and
 
2    WHEREAS, A tax on advertising would devastate the
3advertising industry in Illinois, driving revenue and jobs to
4neighboring states and hurting Illinois' already fragile
5economy; and
 
6    WHEREAS, The advertising industry in Illinois helps
7generate 17.3% of Illinois' economic activity and produces over
8900,000 jobs; and
 
9    WHEREAS, An additional tax on advertising is
10counterintuitive and goes against the pro-business, pro-jobs,
11pro-growth policies that should be under careful consideration
12as Illinois seeks to regain sound financial footing; therefore,
13be it
 
14    RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE
15HUNDRED FIRST GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that
16we state our firm opposition to any additional taxes on
17advertising or advertising-related services; and be it further
 
18    RESOLVED, That we state our belief that Illinois' present
19fiscal crisis must be managed in other ways besides a new tax
20on business owners throughout the State.