A Resolution in opposition to a state tax
on all goods and services

WHEREAS, the imposition of a Gross Receipts Tax on all businesses in Illinois will negatively impact job creation and business prosperity,

WHEREAS, a gross receipts tax violates fundamental principles of tax policy and will increase the cost of goods sold to all Illinois consumers, including healthcare; and

WHEREAS, gross receipt taxes are not based on an ability to pay but are owed whether or not a business is profitable; and

WHEREAS, a gross receipts tax will place Illinois businesses that export products at a competitive disadvantage, and

WHEREAS, a gross receipts tax will unfairly discriminate against in-state wholesalers by creating a cost differential to the disadvantage of Illinois businesses, and

WHEREAS, a gross receipts tax operates as a stealth tax since it taxes at each level of production, thereby creating a pyramiding of tax that results in higher costs for consumers of goods,

NOW THEREFORE, BE IT RESOLVED by the Northern Illinois Business Advocacy Coalition assembled, and the President of NIBAC to call upon the General Assembly to oppose any attempt to establish a gross receipts tax so that Illinois can continue to attract new business to the state, and so that businesses and consumers are not encouraged to purchase from out-of-state retailers.

Date March 28, 2007

Tom Rivera, President of NIBAC

Payroll Tax Resolution

The above article will open in a new window and is in .PDF format. You will need the Adobe Acrobat Viewer. If you do not have the viewer, click here to obtain it.