Tag: gas tax
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In Illinois, You Are Taxed On A Tax – Gas Tax
There are lots of news stories about Illinois’ gas tax going up on July 1st to 47 cents a gallon from its current tax of 45.4 cents per gallon. The tax that is increasing is the Illinois Part A tax. Part B tax changes at the first of the year and is calculated by multiplying the average cost of gas per gallon in Illinois in the previous year by 6.25%. The federal tax has been unchanged for decades and is 18.4 cents per gallon.
