Bill > HB4211

This bill amends the Motor Fuel Tax Law to pause the annual automatic tax rate increase tied to the Consumer Price Index (CPI), which is a measure of the average change in prices of goods and services purchased by urban consumers. Specifically, the bill prevents the scheduled CPI-based increase in motor fuel tax rates from occurring between July 1, 2026, and July 1, 2027. Under current law, the motor fuel tax rate is adjusted annually on July 1st based on the percentage change in the CPI over the previous 12 months, with the increase rounded to the nearest one-tenth of a cent. By suspending this automatic increase for the specified period, the bill aims to provide temporary relief from potential fuel tax increases during that timeframe. The bill takes effect immediately upon becoming law, meaning the CPI-based tax increase suspension would be implemented as soon as the bill is signed.

https://www.ilga.gov/Legislation/BillStatus?DocNum=4211&GAID=18&DocTypeID=HB&SessionID=114&GA=104