New Taxes on Plastic Bags, Music Downloads, and Soda Pop Cans?
Ready for new Illinois taxes on plastic grocery bags, music downloads, and soda pop cans?
Ready for new Illinois taxes on plastic grocery bags, music downloads, and soda pop cans?
The Illinois Office of Management and Budget is floating a menu of “little” tax law changes that could cost you big: taken together, they could bring in anywhere from $361 million to $571 million a year. The Chamber has the list. Many of the revenue options are targeted at businesses, but some would directly affect consumers.
What’s under consideration (and how much it will cost you):
- Impose a 5 cent tax on plastic grocery bags ($10-100 million);
- Apply sales tax to the sale of downloaded music and videos ($5-10 million);
- Enact bottle bill — 5 cent deposit ($65-80 million);
- and more.
Are you taxed enough already?