Thursday, March 13, 2014

A Soda Tax for Illinois?

English: Sodas and soft drinks at a Supermarket
Everyone knows that sodas are bad beverage choices, and many states are trying to punish those bad choices by affixing a heavy tax to soft drinks and certain unhealthy snack foods as well. The nation has attempted to pass an act, as have many states and even local towns and cities, but none of these attempts have been successful thus far. In fact, it is only outside of the United States—in Mexico—where such a tax has been successful.

All of that might change soon though. Illinois is now facing a potential tax on soda. Recently, the senator of Illinois suggested a legislation that would raise taxes on sodas to approximately 67 cents for every two liters of soda purchased.  

Unfortunately, there’s no way to know for sure if this new legislation will pass, but the fact that it’s even a possibility just goes to show that the world, at least in terms of taxation practices, is changing. A local Naperville accounting firm can help you to navigate these changes, however, and to still come out financially strong, and the best Naperville accounting firm to help you is Susan S. Lewis, Ltd.


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