An Illinois state representative has proposed levying a special tax on all sales of athletic shoes in the state, with revenue from the tax going to fund youth programs.
House Bill 978, the Athletic Shoe Retailer Tax Act, was introduced on Jan. 28 by Rep. William Davis and would impose a 25-cent tax on every pair of sneakers sold in the state after July 1. All proceeds would go to Illinois YouthBuild, a nonprofit that provides job training for disadvantaged youth. The Chicago Sun-Times reports…
‘Sneaker Tax’ Eyed as Answer to an Illinois Nonprofit’s Problems originally appeared on DailyFinance.com on 2013-02-11T16:10:00Z.