The Illinois Senate Democratic Caucus unveiled a $1.8 billion tax relief plan designed to put money back in people’s pockets. The plan outlined Friday would directly deliver relief checks valued at $100 per person and $50 per child to state taxpayers making $250,000 individually or $500,000 jointly – sending money to 97% of taxpayers. Taxpayers could also see an additional $300 property tax relief check.
The plan also suspends the 1% state grocery tax and the state’s portion of the gas tax increase for six months. Parents could see additional relief at the store from Aug. 5-Aug. 14 thanks to a plan to also wipe out the state sales tax on clothing, shoes and school supplies to give consumers an economic boost as they go back-to-school shopping.
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