Slight increase in Illinois motor fuel tax scheduled for July 1

dani — Mon, 15 Jun 2020 21:37:27 +0000

The Illinois gas tax will increase again on July 1, 2020.

The automatic increase is part of the 2019 legislative session that doubled the motor fuel tax—from $.19 to $.38 as part of Gov. JB Pritzker’s $45 billion Rebuild Illinois plan. The law also allows for the tax to increase with inflation In each subsequent year without legislative approval if the amount is under 1 cent.

The 2020 tax increase will add another $0.007 onto the current $.038 rate.

Additional taxes will be placed on diesel fuel, liquefied petroleum gas (LPG), liquefied natural gas (LNG) and compressed natural gas (CNG).

The tax on diesel fuel will increase from $0.455 to $0.462, LPG and LNG from $0.455 to $0.462 and CNG from $0.38 to $0.387.

The post Slight increase in Illinois motor fuel tax scheduled for July 1 first appeared on SJO Daily.

Municipal Gas Tax Bill proposed

dani — Thu, 20 Feb 2020 19:34:38 +0000

Illinois Sen. Bill Cunningham (D-18th District) has proposed a new gas tax bill. Senate Bill 2978 seeks to amend the Illinois Municipal Code to provide that municipalities may impose a motor fuel tax on top of the 38-cent state tax (19-cents previously) that was imposed in July 2019. Cunningham’s proposal would eliminate the caveat that only municipalities with a population over 3,000,000 could impose the tax. If passed, the measure would allow local governments to add an additional 3-cent per gallon tax on top of the state tax, that will increase at the rate of inflation.

The post Municipal Gas Tax Bill proposed first appeared on SJO Daily.

Illinois Gas Tax - SJO Daily

Slight increase in Illinois motor fuel tax scheduled for July 1

Municipal Gas Tax Bill proposed