Need help finding places to hike? Want to share your dinner or blog about your latest trip and live in Illinois? Your social media use could contribute to at least $600,000 in revenue for Illinois, but it comes at a cost.
Illinois Gov. JB Pritzker signed legislation Tuesday that’s caused a stir online to tax social media companies with more than 100,000 users in Illinois. The plan isn’t capped, allowing the state to levy more taxes if a company exceeds 1 million Illinoisans, according to the legislation.
“Our social media platform fee requires tech giants to pay for the mental health and educational degradation that they’ve caused our children,” Pritzker said during a Tuesday press conference on the state budget.
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