Illinois will collect hundreds of millions of dollars in new tax revenue from the digital economy under sweeping tax legislation Gov. JB Pritzker (D) signed Tuesday.
Pritzker signed SB 3019, which is expected to raise more than $800 million in new tax revenue to support his $55.9 billion budget for fiscal 2027. Much of the revenue will come from four new tax programs targeting digital advertising, prediction markets, investors in cryptocurrency, and social media platforms.
The governor signed the measure despite opposition from tech companies and digital currency advocates, which warned Illinois would be opening its doors to ...
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