summary
Introduced
01/17/2023
01/17/2023
In Committee
01/31/2023
01/31/2023
Crossed Over
Passed
Dead
01/08/2025
01/08/2025
Introduced Session
103rd General Assembly
Bill Summary
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). Ends 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 annual increase in the motor fuel tax rate based on the Consumer Price Index (CPI) until July 1, 2023, instead of the current January 1, 2023 date. It also ends the requirement for retailers to post a notice about the temporary suspension of the CPI-based tax increase. The bill takes effect immediately.
Sponsors (1)
Last Action
Session Sine Die (on 01/07/2025)
Bill Topics
Macroeconomics
- ‐ Inflation, Prices, and Interest Rates
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1221&GAID=17&DocTypeID=HB&SessionID=112&GA=103 | 01/17/2023 |
| BillText | https://www.ilga.gov/legislation/103/HB/10300HB1221.htm | 01/17/2023 |
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