Bill > SB2360

This bill amends the Motor Fuel Tax Law to prevent a scheduled tax increase on July 1, 2025, which would have been based on the Consumer Price Index (CPI). Specifically, the bill modifies an existing provision that previously required annual tax rate adjustments in July, tied to the percentage change in the CPI over the preceding 12-month period. The CPI is an economic indicator that measures the average change in prices paid by urban consumers for goods and services. Under the current law, the motor fuel tax rate would automatically increase each July by the percentage change in the CPI, rounded to the nearest one-tenth of a cent. By explicitly stating that the July 1, 2025 increase "shall not occur," the bill prevents this automatic tax adjustment from taking effect, effectively maintaining the existing motor fuel tax rate. The bill becomes effective immediately upon enactment, providing immediate clarity for retailers and consumers about the motor fuel tax rate.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2360&GAID=18&DocTypeID=SB&SessionID=114&GA=104