Bivins Supports Back-to-School Tax Holiday
From Prairie-Advocate News (http://www.prairie-advocate-news.com/4-23-08/more4_23_08.html)
SPRINGFIELD - Facing an upcoming deadline, the Illinois Senate spent much of the week approving and amending legislation, including a measure that would provide financial relief for Illinois families through an annual sales tax holiday on school supplies and clothing, according to State Sen. Tim Bivins (R-Dixon).
Senate Bill 2892 creates an annual sales tax holiday on school supplies, shoes and apparel that would begin the first Friday in August and continue through the following Sunday. Bivins is sponsoring the legislation to help parents afford the increasing cost of school-related supplies and clothing, and would apply to clothing or shoes that cost $200 or less and computers $3,000 and less. Senate Bill 2892 only affects the state’s 6.25% sales tax rate. Local municipalities may opt to do a tax holiday of their own, but are not required to do so. The bill is now awaiting consideration by the House of Representatives.
