ACTION ALERT: Ask Your Legislators To Support Tax Justice
Right now, Illinoisians suffer under the 8th most unequal tax system in the nation. The top 1% is hoarding billions that should be funding vital programs in Illinois. Citizen Action Illinois joins the Illinois Revenue Alliance to help fight for tax justice. To ensure our communities receive the vital funding they need, the Illinois Revenue Alliance is championing four critical bills to benefit all Illinoisians.
Ending Offshore Tax Havens – (Worldwide Combined Reporting) HB5318/ SB3486 This legislation closes offshore tax havens used by multinational corporations to shift their profits out of Illinois. By implementing "worldwide combined reporting," the state ensures that large corporations are taxed on their actual economic activity within Illinois, preventing them from using complex accounting to avoid paying their fair share. This is estimated to generate $1.2 billion annually.
Establishing a Billionaire Wealth Tax – HB 5215/SB 3376 (Mah/Villa) Illinois currently has one of the most unequal tax systems in the country, where the wealthiest 1% often pay a lower effective rate than working families. This bill establishes a "mark-to-market" tax on the asset appreciation of billionaires, ensuring that extreme growth in wealth is taxed similarly to the wages of everyday workers.
Digital Ads Tax-Ensuring Big Tech Companies Pay Their Fair Share - HB 4894/SB 3353 (N. Hernandez/Peters) As Big Tech corporations profit from the personal data of Illinoisans, this bill ensures they contribute back to the state’s economy. The legislation imposes a tax on the digital advertising revenue of the world's largest tech platforms—those generating over $150 million in annual digital ad revenue. This is estimated to generate $1.1 billion annually.
Protecting Illinois's Budget from Trump Tax Giveaways – HB 5125/SB 3796 (LaPointe/Collins) This initiative protects the Illinois budget from being drained by federal tax giveaways to the ultra-wealthy included in Trump’s H.R. 1. By "decoupling" from these harmful federal provisions and closing corporate loopholes like the "carried interest" exemption, Illinois can stop the drain on our resources. This is estimated to generate $710 million annually.
Illinois deserves a tax system that is just and works for them. Add your voice: Ask Your Legislators to Support the Progressive Revenue Bills