The Flossmoor Village Board on June 16 approved a 1% local grocery tax effective Jan. 1, 2026. This local tax is a response to the repeal of the state’s 1% statewide grocery tax effective Jan. 1. State law HB3144, which eliminates the state grocery tax gave local governments the choice[Read More…]
Tag: grocery tax
Homewood grocery tax will replace state tax on Jan. 1
The Homewood Village Board approved the execution of the 1% municipal grocery retailers’ occupation tax and a 1% municipal grocery service occupation tax at the June 10 meeting, effective Jan. 1. On Aug. 5, 2024, Illinois Gov. J.B. Pritzker signed a legislation repealing the 1% State of Illinois Grocery Tax,[Read More…]
Homewood to consider implementing local grocery sales tax beginning Jan. 1
In 2024, the Illinois General Assembly approved Gov. J.B. Pritzker’s plan to repeal the statewide 1% grocery sales tax effective Jan. 1, 2026. The Homewood Board of Trustees will consider implementing a local 1% grocery sales tax effective Jan. 1, 2026, to compensate for the lost revenue. The legislation repealing[Read More…]
Homewood, Flossmoor mayors relieved at outcome of state grocery tax repeal
The state budget approved May 29 by Illinois legislators included the repeal of the 1% tax on grocery purchases, something municipal leaders opposed because revenue from the tax passed through to local governments. The final version of the repeal included compromises that will soften the blow to municipal budgets Flossmoor[Read More…]
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