- ABC News, Tuesday, June 16, 2026 10:16 PM
Illinois Governor JB Pritzker has signed a $55.9 billion budget that includes a tax on social media companies, ABC News reports. Those firms face a progressive tax. Those with 100,000 to 499,999
users will pay 10 cents per month for each user. Companies with 1 million users or more will pay a fee of $165,000 and 50 cents per user per month. A similar tax in the city of Chicago is being
challenged in court. Read the whole story at ABC News »