Illinois' $1.8 billion tax relief plan kicks in July 1 with small breaks at the gas pump and grocery checkout.
The $1.8 billion tax relief plan Democratic Gov. J.B. Pritzker has been touting for months in ads for his reelection campaign takes effect Friday, offering temporary breaks at the gas pump and grocery checkout along with one-time checks going out to many taxpayers between now and the Nov. 8 general election.
The plan’s main permanent component — an increase and expansion of eligibility for the earned income tax credit for low- and moderate-income workers — doesn’t take effect until January.Under a measure approved with bipartisan support in 2019 to fund road and bridge projects across the state, the gasoline tax was scheduled to jump by 2.4 cents per gallon Friday to account for inflation.
The six-month freeze in the inflation-based increase also will result in drivers with two gas tax increases next year, one on New Year’s Day, when the freeze expires, and the regularly scheduled annual increase on July 1. The exact amount of the Jan. 1 bump will be determined by where inflation stands at the end of September.
Shoppers in the Chicago region will continue paying the portion of the tax on groceries that goes to the Regional Transportation Authority — 1.25% in Cook County and 0.75%For 10 days in August, there will be a temporary reduction in the state sales tax for certain back-to-school items, including school supplies and clothing and shoes selling for less than $125 per item.
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