Some big changes will be taking effect Friday across Illinois to ease the financial burden for people across the state. Residents will also be receiving tax rebates in the coming months. Here's what you need to know:
will suspend the grocery tax and delay a gas tax increase. It will also provide relief to residents on their property taxes, and to parents buying school supplies for their children.
Grocery shoppers will not have to pay the state's one-percent sales tax through June 30, 2023. Illinois' scheduled gas tax hike, which was set to take effect Friday, will be suspended until January 2023 — a move Pritzker said will save Illinois drivers $70 million. Pritzker says the one-year grocery tax suspension will save Illinoisans $400 million, and any household with a combined income of less than $500,000 will see a property tax rebate of at least $50.
In addition, eligible Illinois homeowners will be provided with property tax rebates in the same amount of their property tax credit that they qualified for on their 2021 tax returns — up to a maximum of $300.