In the early hours of June 1st, the Illinois legislature passed Senate Bill 3019 (“SB3019”) as part of its 2027 fiscal year budget bill, with major implications for online advertisers and social media companies. The bill is expected to officially become law without modification. Key changes to come for Illinois taxpayers include:   Targeted Advertising Services Tax Beginning January 1, 2027, a 10% gross receipts tax will be imposed on providers of “targeted advertising services,” echoing…

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