GOP lawmakers optimistic about repealing five new state taxes, fees
Republicans say the measures would raise costs for Illinois taxpayers and could leave investors owing tax even when digital assets lose money.
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GOP lawmakers optimistic about repealing five new state taxes, fees – Center Square
They oppose taxes on cryptocurrency, fantasy sports, sports betting, social media, and digital ads. The taxes and fees were included in the state’s budget, but mostly weren’t counted on for revenue due to legal uncertainty. “They are, however, projecting costs because the lawsuits have already started and the Attorney General will have to defend them in court,” state Rep. Travis Weaver said. “These taxes can cost more money than they take in. Th…
GOP lawmakers optimistic about repealing five new state taxes, fees - Regional Media News
(The Center Square) - Republicans in the Illinois statehouse are pushing back on multiple tax and fee initiatives passed this spring, saying they are "novel" and will make life more costly for everyday Illinois taxpayers. Reps. Travis Weaver, R-Pekin, and John Cabello, R-Machesney Park, and [...]
GOP lawmakers optimistic about repealing five new state taxes, fees
(The Center Square) – Republicans in the Illinois statehouse are pushing back on multiple tax and fee initiatives passed this spring, saying they are “novel” and will make life more costly for everyday Illinois taxpayers.
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