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IL HB5829

IL HB5829
MOTOR FUEL-NO CPI INCREASE


summary

Introduced
10/26/2022
In Committee
11/16/2022
Crossed Over
Passed
Dead
04/08/2022

Introduced Session

102nd General Assembly

Bill Summary

35 ILCS 505/2 from Ch. 120, par. 418 Amends the Motor Fuel Tax Law. Provides that an increase in the rate of tax based on the change in the Consumer Price Index shall not occur until July 1, 2023 (currently, January 1, 2023). Repeals a requirement that retailers of motor fuel shall cause a notice to be placed on retail dispensing devices. Effective immediately.

AI Summary

This bill amends the Motor Fuel Tax Law to delay the automatic increase in the motor fuel tax rate based on the Consumer Price Index (CPI) from January 1, 2023 to July 1, 2023. It also repeals the requirement for retailers to post a notice about the suspended tax increase. The bill takes effect immediately upon becoming law.

Sponsors (9)

Last Action

Referred to Rules Committee (on 11/16/2022)

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