Illinois Gas Tax Increases Again July 1 – NBC Chicago

https://www.nbcchicago.com/news/local/chicago-politics/illinois-gas-tax-increases-again-july-1/2543405/


0

Drivers, prepare to pay a little more at the pump: Illinois’ gas tax is set to increase again on Thursday.

The state’s motor fuel tax rate increases by a half-cent per gallon beginning July 1, rising from 38.7 cents per gallon of gasoline to 39.2 cents per gallon.

Illinois’ gas tax last increased on July 1, 2020, when it rose by .7 cents per gallon, from 38 cents to 38.7 cents per gallon.

The previous year, the gas tax doubled from 19 cents per gallon to 38 cents per gallon.

That increase was prompted by a $45 billion capital plan Gov. J.B. Pritzker signed into law in 2019 to fund major improvements to infrastructure like roads, bridges, mass transit and buildings. Pritzker said in 2019 that the gas tax hike that year was the first time it had increased since 1990.

The 2019 change also tied the motor fuel tax to the Consumer Price Index, which means it will automatically continue to increase annually with inflation.

The revenue from the gas tax hike is split between three purposes, Pritzker’s office said in 2019: 48% to construction of state roads and bridges, 32% to units of local government and 20% to local transit districts.


Like it? Share with your friends!

0

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format