Pritzker to propose grocery, motor fuel and property tax relief for Illinoisans
SPRINGFIELD – Gov. JB Pritzker will propose a roughly $1 billion package of tax relief measures aimed at mitigating the impact of inflation on Illinois consumers when he gives his budget address Wednesday.
The “Illinois Family Relief Plan,” as it’s being called, would suspend the 1% grocery tax for one year, suspend the automatic inflation-adjusted increase in the motor fuel tax and provide a 5% property tax rebate to qualifying property owners.
“At the same time of what has been record growth in the economy, and dramatically different revenue forecasts for the state, we're experiencing a surge of inflation,” Deputy Gov. Andy Manar said in an interview with Capitol News Illinois. “And this decline in purchasing power has hit working families in the state and the governor recognizes that.”
According to the U.S. Bureau of Labor Statistics, the 12-month inflation rate in the United States in December stood at 7%, the highest rate in nearly 40 years. That included a 29.3% increase in energy prices and a 6.3% increase in food prices.
https://news.stlpublicradio.org/economy-business/2022-01-31/pritzker-to-propose-grocery-motor-fuel-and-property-tax-relief-for-illinoisans
