Springfield, IL… State Representative Margo McDermed (R-Mokena) has signed on to co-sponsor House Resolution 889, filed today by State Representative David McSweeney (R-Cary). The resolution states the House’s opposition to any additional taxes on advertising or advertising-related services. It further states the belief that Illinois’ present fiscal crisis must be managed in other ways besides a new tax on business owners throughout the State.
“At a time when we desperately need to grow our way out of our financial crisis, this is the absolute worst thing we could do,” said Rep McDermed. “This would force business owners, large and small, to cut back on advertising or pass the costs along to their customers, both of which will negatively impact the State’s economy.”
As a potential part of the solution to the state’s financial crisis several ideas, including an advertising tax, have been thrown around by the state’s leaders. No other state in the nation has an advertising tax. Florida, which enacted an advertising tax in 1987, repealed it six months later after evidence revealed that the tax was counterproductive and public opinion soured.