Illinois SB1718 establishes a temporary sales tax holiday for back-to-school items.
Illinois SB1718, the Back-to-School Sales Tax Holiday Act, creates a temporary sales tax exemption on specific items during the back-to-school season. The sales tax holiday applies to clothing, school supplies, computers, and backpacks priced at or below certain thresholds. The exemption period runs from the first Friday in August to the following Sunday. The Department of Revenue will collect data on lost sales tax revenue and conduct an information campaign about the holiday. The act aims to reduce financial burdens on families, support businesses, and encourage consumer spending.
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