What is the current Illinois gas tax?
38 cents per gallon
Illinois saw its gas tax double in 2019, from 19 cents per gallon to 38 cents per gallon, a measure designed to help fund transportation projects such as road and bridge repair and public transit to the tune of $33 billion. The tax increased to 38.7 cents per gallon in 2020.
Why is Illinois gas tax so high?
“It is the high cost of crude oil that is a primary driver for increased pump prices.” While prices this month are not expected to spike at the same rate as last month, there could still be slight increases, according to Hart.
What is the gas tax in Chicago?
Each gallon of gas includes the 39.2-cent state gas tax as well as a little more than 18 cents for the federal motor fuel tax. Cook County adds 6 cents per gallon and Chicago adds 8 cents. Everyone is charged just more than a penny for the underground fuel storage tank clean-up fee.
What state has the highest gas taxes?
California
California pumps out the highest state gas tax rate of 66.98 cents per gallon, followed by Illinois (59.56 cpg), Pennsylvania (58.7 cpg), and New Jersey (50.7 cpg).
Are Illinois gas prices going up?
BLOOMINGTON – Gas prices in the state continue to go up. According to GasBuddy, prices are up about 8 cents per gallon in the past week, averaging $3.50 a gallon. Gas prices in Illinois are 23 cents higher than a month ago and stand $1.30 more expensive compared to this time last year.
Why is gas expensive in Chicago?
The cost we Chicagoans pay to fill our vehicles is based on the global market price of oil, the cost of refining, and the added taxes. The amount of tax charged per gallon of fuel is one of the principle reasons Chicago’s prices consistently among the most expensive in the country.
What is Chicago Illinois state tax?
The Chicago sales tax rate is 10.25%
| Taxing Jurisdiction | Rate |
|---|---|
| Illinois state sales tax | 6.25% |
| Cook County sales tax | 1.75% |
| Chicago tax | 1.25% |
| Special tax | 1.00% |
Who raised gas tax in NJ?
New Jersey’s tax on gasoline has risen more than 36 cents a gallon since 2016, when former Gov. Chris Christie and Democrats who control the Legislature agreed to a 23-cent a gallon hike to raise money for road and rail projects.
What is the gasoline tax per gallon in Illinois?
July 1 will mark Illinois ‘ third motor fuel tax increase in as many years. Rates doubled to $0.38 per gallon from $0.19 in July 2019, then to $0.387 in 2020 and will hit $0.392 on July 1.
How much tax is there in a gallon of gasoline?
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel.
What is Illinois fuel tax?
Illinois Cigarette and Fuel Excise Taxes. In addition to (or instead of) traditional sales taxes, gasoline and other Fuel products are subject to excise taxes on both the Illinois and Federal levels. Excise taxes on Fuel are implemented by every state, as are excises on alcohol and motor fuels like gasoline.
What type of tax is a tax on gasoline?
An excise tax is a tax imposed on a specific good or activity. Excise taxes are commonly levied on cigarettes, alcoholic beverages, soda, gasoline, insurance premiums, amusement activities, and betting, and make up a relatively small and volatile portion of state and local tax collections.