At a press conference March 16, Rep. Tom Demmer (R-Dixon) discussed how inflation is affecting Illinois families and some possible solutions.
“We need to have a priority to deliver from the state, to deliver relief, economic relief, financial relief, to Illinois taxpayers and Illinois families," Demmer said. "In the face of these rising prices, people have to make their own shifts in priorities.”
Demmer proposed a refundable tax credit for Illinois families making under $150,000.
"This refundable tax credit for families would provide up to $400 of immediate economic relief to help them put those dollars toward things that are important and are priorities for them, places where they've felt an additional pinch or places where their budget has an unexpected hole in it," Demmer said.
House Bill 5723, a Republican-backed bill, would cap the motor fuel for tax at 18 cents. The bill was introduced on March 11 and had its first reading on March 15 before being referred to the Rules Committee.
House Bill 5481, which is sponsored by Reps. Patrick Windhorst (R-Harrisburg), Keith Wheeler (R-North Aurora), Amy Elik (R-Alton) and Tom Weber (R-Fox Lake) would amend the Use Tax Act, as well as other tax laws, to suspend the gas tax if the increase in the Consumer Price Index is more than 3% over the previous year.
The bill was introduced on Jan. 28 and was referred to the Rules Committee, but has not been called or scheduled since.
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