HB 5440: Close the Loophole and Support Our Students
Friday, Nov 9, 2012
[The following is a paid advertisement.]
The State of Illinois is in a budget crisis. Yet, satellite TV operators – who represent a third of the video provider market – pay no franchise or video service fees to support our communities and state. By exploiting this corporate tax loophole, satellite operators are taking their profits out of Illinois instead of paying the industry standard in franchise or video service fees.
When customers watch television through a satellite or cable provider, what they get is largely the same experience. There is no reason why satellite providers should be permitted to exploit this corporate loophole.
Twelve other states have successfully closed similar tax loopholes on satellite companies and in turn have worked towards more balanced government budgets. Here in Illinois, closing this loophole would bring much needed funding to Illinois education, including support for early childhood education, local K-12 school districts, and financial assistance for Illinois college students.
Let’s ensure that everyone pays a fair share. There should be a level playing field for everybody to compete fairly – particularly when closing such loopholes will directly help Illinois students.
Now is the Time to Support our Students and Communities. Vote Yes on HB 5440!