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Monday, November 25, 2024

ILLINOIS STATE SENATE DISTRICT 56: Crowe announces tax holiday initiative for back-to-school shopping in Illinois

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Illinois State Senate District 56 issued the following announcement on Aug. 28.

Working families and teachers may see lower back-to-school shopping costs next year, thanks to a measure introduced by State Senator Rachelle Crowe.

Crowe (D-Glen Carbon) filed Senate Bill 4008, which would create a tax holiday on clothes and school supplies starting with the 2021-2022 school year.

“As a nod to our working parents, guardians and teachers in Illinois, lowering the tax rate on school supplies is one less burden when preparing for the academic year,” Crowe said. “It is my hope by instituting a tax holiday, we can help relieve families and educators of some financial costs in order to prepare students for success.”

The measure would impose a lower tax rate on clothes and school supplies from 6.25% down to 1.25%. Illinois last promoted this initiative in 2010.

To offer more opportunities for savings, Sen. Crowe is pushing for the holiday to last from Aug. 6 through Aug. 8, 2021, as well as Aug. 13 through Aug. 15, 2021.

Every year, Missouri holds a “Tax Free Weekend” on school supplies, and historically Metro East families living near the border travel across the river to take advantage of the lower costs.

“By lowering the tax rate to be competitive with Missouri, we can give residents one more reason to shop local,” Crowe said. ““We need to do whatever we can to support small businesses in our communities.”

Original source can be found here.

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