Illinois SB1673 modifies tax rates on various items, including motor fuel, gasohol, biodiesel blends, and food for human consumption.
Illinois SB1673 amends the State Finance Act, Use Tax Act, and Retailers' Occupation Tax Act to adjust tax rates on different items. For motor fuel and gasohol, the tax rate is set at 1.25% from August 6, 2025, through August 8, 2025, and from August 13, 2025, through August 15, 2025. Biodiesel blends with no less than 1% and no more than 10% biodiesel are taxed at 1.25% if the tax on mid-range ethanol blends is 1.25%. Food for human consumption sold off-premises is taxed at 0% from July 1, 2022, until July 1, 2023.
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