CHICAGO, Ill. (WTVO) — Illinois will offer a sales tax holiday on school supplies for 10 days in August.
Gov. JB Pritzker kicked off a series of tax relief programs for Illinois residents that begin going into effect on Friday, July 1st.
The Family Relief Plan totals an estimated $1.83 billion in relief, including income and property tax rebates and a temporary cut in several sales taxes.
Sales taxes for qualified clothing and school-related items will be reduced from 6.25% to 1.25% for a 10-day window from August 5 to 14, saving consumers $50 million. Items include qualifying clothing and footwear with a retail selling price of less than $125 per item. Eligible school supplies are not subject to the $125 threshold.
Pritzker detailed a list of tax relief programs at a press conference in Chicago on Thursday, including a suspension of the gas and grocery tax, a permanent increase to the earned income tax credit, and property tax rebate checks which will be sent out starting September 12.
Ino Saves New
via rk2’s favorite articles on Inoreader https://ift.tt/aVgoFy5
June 30, 2022 at 06:30PM