Illinois HR0111 urges the General Assembly and the Governor to enact a tax holiday for school supplies in 2025 and beyond.
Illinois HR0111 calls for a tax holiday on school supplies to alleviate the financial burden on parents. The resolution highlights the 2022 tax holiday, which reduced the sales tax rate from 6.25% to 1.25% for school supplies and certain clothing items. It notes the fiscal impact of the 2022 holiday was only $6.6 million, despite the state's $53 billion budget. The bill cites rising costs of school supplies and a survey showing 33% of parents could not afford back-to-school shopping in 2024. It also mentions that 11 states enacted similar tax holidays in 2024.
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