How the Family Relief Plan impacts consumers in Illinois
CARTERVILLE, Ill. (KBSI) – On July 1, the Family Relief Plan went into effect for the State of Illinois. The plan gives relief on gas, grocery, and property tax.
The Family Relief Plan includes several tax holidays, meaning a temporary cut in taxes, including:
- Groceries: The state’s 1% sales tax on groceries will be suspended July 1 through June 30, 2023, saving consumers $400 million.
- Gas: The state’s normally scheduled increase in the motor fuel tax will be delayed from July 1 to January 2023, saving consumers $70 million.
- School supplies: Sales taxes for qualified clothing and school-related items will be reduced from 6.25% to 1.25% for a 10-day window from August 5 to 14, saving consumers $50 million.
On April 19, 2022, J.B. Pritzker signed the Family Relief Plan. The plan gives $1.8 Billion in tax relief for families of Illinois.
As the local supermarkets are seeing lower prices, privately owned businesses are beginning to encourage patrons to buy local.
“It might encourage people to you know do a little bit more buying local,” explains Dave Armstrong, owner of Farm Fresh in Carterville. “You know we work right now with some local suppliers like Diveley sheep farm for instance who do some of our meats or from Wegmans Who do some of our meats and you know this may be a nice opportunity to try some of those items and not have to pay a little extra to the state when you try them.”