SPRINGFIELD — Gov. Pat Quinn today pushed the idea of a state income taxes holiday ahead of college starts within the fall.
Taxpayers would get a break on paying the state’s share of the gross sales tax —- which is 5 percent —- from Aug. 6 via Aug. 15 under legislation that advanced inside the Property right now. State product sales tax would be waived for clothing, school supplies, sporting goods and personal computer accessories like flash drives and printers.
“We need to make sure we have a school supply gross sales tax holiday in Illinois,” Quinn mentioned. “I’ve been committed to this for some time. I know we can get it done.”
Quinn created the same pitch last year, but it did not pass. Instead of previous proposals to make the revenue tax holiday a one-shot deal, the proposal calls for a holiday each year ahead of school.
The governor’s comments came at a conference held by the Illinois Manufacturers’ Association and also the Illinois Retail Merchants Association meeting only blocks from the Capitol, where the Home Executive Committee approved the revenue tax holiday shortly before the governor spoke.
The Executive Committee also approved a proposal for an amnesty plan waiving penalties for acquiring behind on back taxes, dating back to 2002, as part of an overall budget package inching forward currently.
Property Majority Leader Barbara Flynn Currie, D-Chicago, stated a renewed push is being made to raise the cigarette taxes. The Senate passed a tax hike last year that would have boosted the per-pack tax to $1.98, a $1 boost over the current 98-cent-a-pack taxes. The proposal is still several votes short from the Home, Currie mentioned.
Posted on Wednesday, 5 May 2010
Quinn pushing back-to-school sales tax holiday for August
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