After an election cycle freeze on the state's taxes for groceries and gasoline, the two taxes, among others, are set to increase beginning July 1.
Next month, the state's gas tax will increase by 6.2 cents to a total tax of 45.4 cents, the second increase since Jan. 1. The state's tax on groceries will also go back into effect after Gov. J.B. Pritzker put a hold on the tax during last year's election cycle.
Bryce Hill of the Illinois Policy Institute said the gas tax has continued to increase since Pritzker has been in office.
"Previously, it used to be 19 cents in 2018," Hill told The Center Square. "Beginning in July of 2019, he doubled that to 38 cents, and then he also indexed the gas tax to inflation, meaning that it automatically increases every year."
Certain local municipalities can also set their tax on gas, which means some areas of the state will be paying even more on top of the already increased state tax.
"At the local level, on top of the gas tax, you have the ability for localities to tax gasoline, which many do," Hill said.
Read more here.
No comments:
Post a Comment