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IL HB5215

Bill

Official Source

Status

Introduced

1/27/2022

Primary Sponsor

Chris Bos

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Freezes the Illinois motor fuel tax rate for 24 months beginning from the effective date of the legislation

  • Suspends the annual Consumer Price Index (CPI) adjustment that would otherwise increase the motor fuel tax each July 1

  • After the 24-month freeze period ends, CPI adjustments resume, but no retroactive adjustments can be made for inflation that occurred during the freeze period

  • Amends the Motor Fuel Tax Law (35 ILCS 505/2), which currently sets the base gasoline tax at 38 cents per gallon (as of July 1, 2019) plus annual CPI increases

  • Takes effect immediately upon becoming law

Legislative Description

MOTOR FUEL TAX-NO CPI INCREASE

Last Action

Rule 19(a) / Re-referred to Rules Committee

2/18/2022

Committee Referrals

Rules2/18/2022
Sales, Amusement & Other Taxes2/15/2022
Revenue & Finance2/9/2022
Rules1/31/2022

Full Bill Text

No bill text available