Bill > HB2798

This bill establishes a permanent annual sales tax holiday for school supplies and certain clothing items during the first 7 days of August each year. Specifically, during this period, the sales tax rate on qualifying items will be reduced from the standard 6.25% to 1.25%. School supplies are defined as items used by students in a course of study, such as notebooks, pencils, calculators, and binders, with some specific exclusions like computers and electronics. Clothing items qualify if they have a retail selling price under $125 and are suitable for general use. The bill amends multiple tax-related acts to implement this recurring sales tax holiday, ensuring that from 2025 onward, consumers will benefit from reduced tax rates on back-to-school purchases during the first week of August each year. The goal is to provide financial relief to families preparing for the school year by making essential school and clothing items more affordable.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2798&GAID=18&DocTypeID=HB&SessionID=114&GA=104