HB 5440: Close the Loophole and Update Illinois
Tuesday, Dec 4, 2012
[The following is a paid advertisement.]
In Illinois, we all can see the budget outlook is bleak. Among many shortages, our state is facing a crisis in education that is threatening to leave a $200 million shortfall for Illinois students and educators.
Yet, a serious regulatory imbalance exists in Illinois: satellite TV operators – who represent a third of the video provider market – pay no service fees to support our communities or state. House Bill 5440 targets this loophole to provide much needed revenue for where we need it the most: education. Twelve other states have modernized their laws and successfully closed similar tax loopholes on satellite providers. In turn, they have worked towards more balanced government budgets.
By closing off this loophole, HB 5440 would generate up to $75 million in additional revenue for education in Illinois.
Springfield: Close the satellite loophole and support our students. Vote YES on HB 5440! To learn more and make your voice heard, visit www.YesOn5440.com.