grocery tax
SPRINGFIELD – A new state fiscal year will begin July 1, ushering in the reinstatement of a 1 percent tax on groceries and a second increase to the state’s motor fuel tax in 2023. Amid record-high inflation last spring, the General Assembly temporarily waived Illinois’ grocery tax for the coming fiscal year and delayed the…
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Illinois is reinstating the state grocery tax on July 1 after an election-year suspension. Illinois will again become an outlier by taxing food at the supermarket: 37 states don’t tax groceries at all. Among the 10 most populous states, Illinois is the only one with a grocery tax. Among the 13 states that tax groceries, Hawaii, Idaho, Kansas and…
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The new budget for fiscal year 2023 includes Gov. J.B Pritzker’s election-year suspension of the 1% grocery tax, but a few months after the next governor’s inauguration, it will be back. Grocery stores must advertise the suspension, by law, on customer receipts. If that isn’t feasible, they must display a 4-inch by 8-inch bold sign. Either…
Read Full Article November 22, 2024
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