"Rising Costs: Illinois Residents Hit with Increased Taxes on Groceries and Gas"

1 min read
Source: NBC Chicago
"Rising Costs: Illinois Residents Hit with Increased Taxes on Groceries and Gas"
Photo: NBC Chicago
TL;DR

Starting July 1, Illinois' 1% grocery tax will be reinstated after being suspended for a year, potentially making groceries more expensive. Additionally, the gas tax in Illinois will increase due to the annual inflation-based adjustment, with the rate for unleaded gasoline reaching 42.4 cents per gallon. The tax increase for fiscal year 2024 will also go into effect, potentially leading to a second fuel tax increase this year.

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