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Illinois residents will pay more for gasoline, cigarettes and annual registration fees to fund the $ 45-billion public works plan adopted by the General Assembly in the final days of its session. spring.
Republicans and Democrats have joined forces to support tax increases that will fund major road, bridge and transit improvements called "Rebuild Illinois."
This spring, legislators also adopted the cornerstone of Governor J.B. Pritzker's ambitious agenda: to provide voters with a constitutional amendment in 2020 that would allow the state to impose a progressive income tax instead of the current flat tax.
If the first-term governor has promised to ratify it by voters, the progressive income tax will provide relief to the majority of taxpayers. Critics argue, however, that the proposed income tax adjustment would save taxpayers on the taxes that legislators passed this spring.
"In fact, we have worked hard during this session to ease the burden of many people across the state, and we will continue to look for ways to do it," Pritzker said Sunday. "We also need to make sure that people have good roads to drive on, that they can do it safely. You know, we have billions, I mean $ 15 billion, of people security issues in infrastructure. … So we have a lot of infrastructure to manage, we did our best. "
The Illinois Constitution's "lockbox" amendment, approved by voters in 2016, requires that transportation-related revenues be used only for transportation projects and related costs.
The capital bill then goes to Pritzker for his signature. Here is an overview of some of the tax and fee increases that will pay for this.
– Increase in the tax on gasoline: The state's 19 cents per gallon fuel tax doubles as of July 1 under the plan. The latest tax on gasoline was lifted in 1990 and would be indexed to future increases in inflation. The municipalities of Cook County could separately collect a fuel tax of 3 cents per gallon.
– Fees for motorists: In order to support transportation related projects, the bill increases license plate costs from $ 50 to $ 151 a year, starting in the 2020 registration year. It also passes from $ 35 for two years from January 1 to electric vehicles.
– Smoking and vaping: The measure raises the state's tax by $ 1.98 per $ 1 pack. Meanwhile, electronic cigarettes would be taxed at a rate of 15%. Both increases would come into effect on July 1 st.
– Parking fee: As a source of financing for building construction projects, a monthly tax of 6% and 9% per month would be imposed on garages and car parks from 1 January.
– Online sales tax: The bill calls for expanding the sales tax collected on online purchases to more purchases from online retailers located far or away from the state.
The capital plan also captures state revenues generated by the increased gambling and legalization of sports betting, in order to finance the construction component of the large-scale public works plan, including projects in the area of public works. colleges and universities. The bill adds six new casinos, including Chicago, the southern suburbs, Waukegan and Rockford, and opens O'Hare and Midway airports to slot machines. It also increases the tax on video games and legalizes sports betting by imposing a rate of 15%.
Twitter @by_jamiemunks
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