Illinois motorists could see two fuel tax increases in 2023. Here's why
Under the state’s budget, a 2.2 cent-per-gallon tax increase that was scheduled to take effect on July 1, 2022 was suspended as part of a larger effort to provide relief to taxpayers impacted by wildly-escalating inflation rates.Unlike the grocery tax suspension, which was put into effect for an entire year, the gas tax suspension was only slated to last six months, meaning that on Jan. 1, motorists will see their tax bills go up.Sign up for NBC Chicago newsletters.
The increase is tied to the percentage by which the Department of Labor’s Consumer Price Index for All Urban Consumers increased over a 12-month period ending on Sept. 1, according to terms of the state’s budget. That number turned out to be 8.2%, As a result, Illinois motorists will see a fuel tax increase of roughly 3.2 cents per gallon for gasoline in the new year, bringing the state’s total fuel tax on gasoline to 42.4 cents per gallon.According to the legislation,
another inflation-based tax increase could also occur on July 1, though it would be anticipated that the increase would be smaller given that it would occur over a shorter time frame, and that inflation at the national level is finally showing signs of slowing.
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