Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateIllinoisIntroduced
HB 5806: SOCIAL MEDIA TAX-REPEAL
Travis Weaver
HB 5806 status: Introduced — Added Co-Sponsor Rep. Steven Reick (updated Sep 17, 2026).
Source
LegiScan
Confidence
High
Analysis basis
LegiScan full bill text
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
70OUT OF 100
Score:70/100 civic fit
Risk:Low Risk
Impact:Moderate Impact 40/100
Constitutionality95%
Bipartisan50%
Public opinion60%
Bill summary
What changes
This bill repeals Section 15.98 of the Business Corporation Act of 1983, which establishes fees for social media platforms operating in Illinois.
Who is affected
Social media corporations operating in Illinois and the Illinois Secretary of State's revenue collection department.
Requirements and enforcement
The Secretary of State will cease the collection of social media platform fees under this Act.
Costs and funding
The state will experience a reduction in fee-based revenue, though the exact amount is not stated in the source.
When it takes effect
Effective upon becoming law.
Potential benefits
Reduces tax and compliance burdens for the technology sector, potentially lowering costs for digital platform operation.
Risks and tradeoffs
The loss of state revenue and the removal of an industry-specific regulatory tool for social media firms.
What is still unknown
The exact budgetary impact on the state's general or specific funds previously receiving this fee revenue.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Positive outlook
70%
Benefits
- Reduces compliance costs for social media companies
- Removes industry-specific taxation barriers
- May improve platform profitability in Illinois
Risks
- Reduces state government revenue streams
- Requires potential budget adjustments elsewhere
- May limit funding for state-level digital safety initiatives
Society
Mixed / Neutral
60%
Benefits
- May lead to lower service costs for users
- Supports open access to communication platforms
- Reduces friction for digital public discourse
Risks
- Limits state resources for social oversight of platforms
- May reduce state control over platform data practices
- Reduces the state's role in regulating harmful digital externalities
Technology Industry
Positive outlook
80%
Benefits
- Eliminates specific administrative tax burdens
- Improves operating margins for social media firms
- Signals a more favorable regulatory climate for tech
Risks
- Creates regulatory instability by repealing existing law
- Reduces state-industry collaborative funding
- May lead to future industry backlash if taxes are reinstated
Civic Accountability
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
LegiScan
Official bill text or data from LegiScan.
Confidence
High
Information is complete and verified.
Analysis basis
LegiScan full bill text
Source used for this bill's analysis.
Source note
Repealing a dedicated industry fee may result in unforeseen state budget shortfalls.
Analysis scope
The full scope of the original 104-468 tax policy is only briefly referenced by section citation.
04
Where it stands
Official record- IntroducedCurrent
- CommitteeUpcoming
- Chamber votesUpcoming
- Final agreementUpcoming
- GovernorUpcoming
- EnactedUpcoming
05
How it affects your district
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06
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