Illinois' new social media tax explained (opens original article in a new tab)

Illinois' new budget includes a social media tax targeting platforms with 100,000 to nearly 500,000 users, charging 10 cents per user per month.

• Illinois' new budget introduces a social media tax
• Platforms with 100,000 to almost 500,000 users are taxed 10 cents per user monthly
• The tax applies to social media companies operating in the state