Illinois HB1637 suspends the inflation adjustment to the motor fuel tax from July 1, 2025, until July 1, 2027.

Illinois HB1637 amends the Motor Fuel Tax Law to halt the annual inflation adjustment to the motor fuel tax rate from July 1, 2025, until July 1, 2027. The bill also mandates that retailers post a notice on fuel pumps from July 1, 2022, through December 31, 2022, informing customers about the suspension of the tax increase. The notice must be printed in bold, no smaller than 4 inches by 8 inches, and clearly visible to customers. The tax rates for motor fuel, diesel fuel, liquefied natural gas, and propane are detailed, with specific rates and adjustments outlined for different periods.

Illinois HB1637 suspends the inflation adjustment to the motor fuel tax from July 1, 2025, until July 1, 2027.

Illinois HB1637 amends the Motor Fuel Tax Law to halt the annual inflation adjustment to the motor fuel tax rate from July 1, 2025, until July 1, 2027. The bill also mandates that retailers post a notice on fuel pumps from July 1, 2022, through December 31, 2022, informing customers about the suspension of the tax increase. The notice must be printed in bold, no smaller than 4 inches by 8 inches, and clearly visible to customers. The tax rates for motor fuel, diesel fuel, liquefied natural gas, and propane are detailed, with specific rates and adjustments outlined for different periods.