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sales tax holiday

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Illinois JB Pritzker

Capitol News Illinois

Temporary tax relief measures to begin Friday in Illinois

Rebates to be mailed while other taxes put on temporary pause

SPRINGFIELD (Capitol News Illinois) – Illinoisans will receive some modest tax relief starting Friday when the state’s new fiscal year begins. That includes some income tax rebates, property tax rebates, a suspension of the state’s 1 percent tax on groceries, and a six-month pause on the scheduled inflationary increase in the state’s motor fuel tax. Gov. JB Pritzker and legislative Democrats held a news conference publicizing those tax breaks as consumers grappled with 8.6 percent inflation, the highest rate in […]

todayJuly 1, 2022 3

Business & Lifestyle

Back-to-school sales tax holiday unlikely in Illinois

SPRINGFIELD (The Center Square) -- Illinois is unlikely to join the list of states that offer a “back-to-school” sales tax holiday. Sales tax holidays are periods when specific goods are exempted from state, and sometimes local, sales taxes. Many states schedule the events for August when “back-to-school” shopping largely takes place. Illinois held a one-time sales tax holiday back in 2010, but Rob Karr, president of the Illinois Retail Merchants Association, said it didn’t provide the boost some expected. “It […]

todayAugust 5, 2019 4

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