Reboletti Hosts Gross Receipts Tax Forum

April 24, 2007

Springfield, IL … On Monday, April 30th State Representatives Dennis Reboletti will host a forum on the Governor’s proposed gross receipts tax (GRT). The gross receipts tax is an estimated $7 billion tax increase and is the largest tax increase in the history of the State of Illinois.

“The Governor has called this the “tax fairness plan” but there is nothing fair about it. Not only does he hurt the larger businesses that provide good paying jobs, but he also hurts small business,” Reboletti said. “The local hairstylist who might not make $2 million in gross revenue will more than likely be purchasing equipment and products from a company that will be affected by this tax. Not only will that local hairstylist have to pay more for her products and equipment but to stay in business she will have to pass along some of the cost to the consumer. This trickle down effect hurts everyone including those middle class families that the Governor says he’s trying to protect.”

Reboletti added that the gross receipts tax would add two additional tax brackets. The first tax bracket would add a 1.95% tax on all service providers with gross revenue over $2 million. The second tax bracket would attach a 0.85% tax on farmers, mines, manufacturers, construction firms, wholesale & retail service providers.

Additional speakers include Doug Whitley, President of the Illinois Chamber of Commerce and Joe Calomino, State Director of Americans for Prosperity.

Media is welcome to attend this event.

WHO: State Representative Dennis Reboletti (Elmhurst)
State Representative Franco Coladipietro (Bloomingdale)

WHEN: Monday, April 30th at 7:30 a.m.

WHERE: Addison Village Hall – Room 1301
One Friendship Plaza, Addison

For more information contact Dennis Reboletti at (630) 530-2730.

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