Here Are the Tax Cuts Included in Illinois' Newly-Approved $46.5B Budget

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Here Are the Tax Cuts Included in Illinois' Newly-Approved $46.5B Budget
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Illinois lawmakers approved a $46.5 billion budget Saturday that includes $1.8 billion in election-year tax relief, but in which areas will residents benefit?

Updated 2 hours agoFirst and foremost, some Illinoisans will receive direct checks.

The measure includes payment to Illinois residents making less than $200,000 per year or $400,000 per year for couples filing jointly. Each taxpayer would receive $50, plus $100 for each dependent child, capped at three. The checks are just one taxpayer relief program included in the state’s budget. Lawmakers say that the state’s 1% sales tax on groceries will be suspended through the end of the new fiscal year, and a planned increase in the state’s fuel tax, which currently sits at 39 cents per gallon, will not take effect until at least Jan. 1.

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