Online Staff Report
State Rep. Joe Sosnowski, R-Rockford/Belvidere, is pushing a new limit on Illinois’ gas taxes in an effort to provide tax relief to Illinois motorists affected by increasing gas prices.
“The price of gas in Illinois has been climbing for years and continues to worsen as the numbers increase,” Sosnowski said. “Families and businesses suffer from high gas costs in order to get through daily life.”
House Bill 6147, if passed, will permanently cap the state portion of the sales tax of 6.25 percent to the first $2.50 per gallon, providing nearly $225 million in tax relief to motorists.
Illinois’ Motor Fuel Tax charges 19 cents per gallon of gasoline and is estimated to collect $1.33 billion in revenue for Fiscal Year 2012. Illinois collects state and local sales taxes on gasoline in addition to the flat 19-cent-per gallon Illinois Motor Fuel Tax.
“With gas prices being well over $4 per gallon and still expected to increase, this is just one way to help ever so slightly stabilize the cost of gasoline,” Sosnowski said.
Posted April 12, 2012