Back To School Tax Holiday
August 10, 2022
Beginning last Friday and lasting through Aug. 14, the state will reduce its sales tax rate from 6.25 percent to 1.25 percent for certain clothing items costing less than $125 and school supplies.
The “tax holiday” was included in Gov. JB Pritzker’s “family relief plan,” one prong of several bills making up the Fiscal Year 2023 operating budget. The tax breaks passed with nearly unanimous support in the General Assembly and provided an estimated $1.8 billion in tax relief for Illinoisans.
“These past two-and-a-half years, for everyone, of managing through the pan...
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