Session slog ends in $56B budget, new taxes on social media companies, crypto, fantasy sports

Illinois’ New Social Media Tax Is a Shambles

Illinois plans to impose a complicated, legally fraught new social media tax based on a few pages of confused, contradictory, and almost laughably incomplete legislative text embedded in the new budget.

A Tax on Social Media – Blue-State Governments’ Newest Ploy

The latest blue-state trend is taxing social media, a move that is now being taken to courts.

Session slog ends in $56B budget, new taxes on social media companies, crypto, fantasy sports

SPRINGFIELD — Illinois lawmakers approved the state budget early Monday morning, June 1, after slogging through the night, enacting new taxes on businesses and authorizing less spending than what Gov. J.B. Pritzker proposed in February. “It’s allowed us to be prepared for the great reality we face today,” Senate Democrats budget leader Elgie Sims, of... The post Session slog ends in $56B budget, new taxes on social media companies, crypto, fanta…