HB2613 amends the Motor Fuel Tax Law in Illinois, setting the tax rate at $0.19 per gallon starting July 1, 2025, and adjusting it annually based on.
HB2613 amends the Motor Fuel Tax Law in Illinois by setting the tax rate at $0.19 per gallon starting July 1, 2025. The tax rate will be adjusted annually based on the percentage increase in the Consumer Price Index. The bill also mandates that retailers post notices about the suspension of the tax increase from July 1, 2022, through December 31, 2022. Additionally, it outlines the distribution of motor fuel tax funds, including allocations to the State Construction Account Fund, the Road Fund, and the Vehicle Inspection Fund.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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