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| | HR0111 | | LRB104 09641 LAW 19707 r |
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1 | | HOUSE RESOLUTION |
2 | | WHEREAS, The State of Illinois enacted a State sales tax |
3 | | holiday that occurred over a ten-day period in August 2022, |
4 | | during which consumers were able to purchase school-related |
5 | | items and certain clothing while paying sales tax at a reduced |
6 | | rate, which was unlimited for school supplies and covered |
7 | | clothing up to $125 per item; and |
8 | | WHEREAS, Due to this holiday, and with respect to eligible |
9 | | items covered by it, the current sales tax rate of 6.25% was |
10 | | reduced to 1.25% during this period; and |
11 | | WHEREAS, The sales tax holiday applied to items that are |
12 | | essential to academic success in the classroom, and such items |
13 | | included bookbags, binders, pencils, notebooks, erasers, and |
14 | | index cards; and |
15 | | WHEREAS, The August 2022 sales tax holiday was not renewed |
16 | | in the summer of 2023 for FY24 or any year thereafter despite |
17 | | the fiscal impact of the holiday in 2022 only being $6.6 |
18 | | million, according to Illinois Department of Revenue Annual |
19 | | Report FY23, compared to a State budget of $53 billion; and |
20 | | WHEREAS, According to the U.S. Department of Labor, the |
21 | | cost of school supplies has spiked more than 24.5% since 2022, |