17
Dec
2015
SPRINGFIELD, Ill. - State Rep. Mike Smiddy, D-Hillsdale, is part of a bipartisan group opposing additional sales tax on advertising-related services, which may cause significant damage to small businesses.
"Illinois' present fiscal crisis will not be solved by adding a new tax on small businesses throughout the state and holding them back from hiring and maintaining local workers," Smiddy said. "Any proposed 'Ad Tax' affects all businesses, but would specifically target small- to medium-sized businesses in my community and make it hard for them to thrive in this competitive market."
Governor Bruce Rauner has advocated for the option of expanding the states sales tax to include advertising, such as advertising agency fees, billboards and media advertisements. Smiddy is co-sponsoring House Resolution 889, which states opposition to expanding the sales tax to include advertisement and marketing-related services, due to the harmful impact this may have on small businesses and financial growth in the state of Illinois. Florida passed a measure similar to this concept and reportedly faced negative consequences, including the loss of revenue and jobs.
"Cuts and major adjustments have to be made in order to fix our current financial state, but small businesses are the backbones of our communities" Smiddy said. "I will continue working to find a quick and balanced approach to strengthen our economy that helps our entire state instead of hurting us."
For more information contact Smiddy's constituent service office at 309-848-9098.
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