As it is claimed in the decree, grocery 1%-tax will be suspended during the whole financial year, that will help taxpayers to save up to $400 million before 1 July 2023.
It should be noted, that taxation on alcohol and non-alcohol drinks, cigarettes and products, containing cannabis, will remain.
Since 1 July minimum wage has been increased in the state. Now it is $15,40 per hour for companies with 21 and more employees and $14,50 for small companies. For employees, getting tips, the rate has increased - to $9,24 for big companies and $8,70 for small ones.
There has been an increase in wage for teenagers under 18. $12 for employees, who don’t get tips, and $7,20 for those, who get tips.
Another important news is putting-off the issue of an increase in petrol tax in Illinois till January 2023.