CHICAGO, Ill. — The state’s Illinois Family Relief Plan begins Friday, July 1.
The plan lifts the 1% state sales tax on groceries for one year and delays an increase in the state gas tax, according to Gov. JB Pritzker.
“Even more tax relief will go into effect next year from a permanent increase in the earned income tax credit, and an expansion of the number of households covered by it. That will put an additional $100 million back into the pockets of working families,” Pritzker said.
There’s also a property tax rebate of up to $300 and income tax rebates for individuals earning less than $200,000 and couples making under $400,000.
In total, more than $1.8 billion in relief is going out to Illinois taxpayers.
“Every Illinoisian will get tax relief on essentials…gas, groceries, their home. To make back-to-school shopping less expensive, in August, we’ll have 10-day sales tax holiday for school supplies,” Pritzker said.
Rebates will start going out to residents in September, Pritzker said.
More details HERE.
