State Sen. Darren Bailey | Facebook
State Sen. Darren Bailey | Facebook
Sen. Darren Bailey (R-Louisville) is co-sponsoring a bill to limit state taxes placed on gasoline in an effort to slow rising prices at the pump.
“People are struggling with rising costs and it's time the legislature step in and help,” Bailey wrote on Facebook.
The U.S. Energy Information Administration reports nationally, motorists are paying 15% in taxes at the pump.
“Capping Illinois’ sky-high taxes on gasoline would be welcome relief for Illinois motorists and fuel retailers as inflation and geopolitical forces continue to wreak havoc on the economy,” Josh Sharp, CEO of Illinois Fuel and Retail Association, said, according to a press release on Bailey’s website.
Senate Bill 4195 was first sponsored by Sen. Dave Syverson (R-Rockford). Co-sponsors include several Republican senators, including Bailey, Brian Stewart (R-Dixon), Neil Anderson (R-Moline), Sue Rezin (R-Morris, and Jason Barickman (R-Bloomington), among others. The bill would cap the amount that could be charged per gallon of gas to 18 cents, for the prepayment of tax by motor fuel retailers.
As of March 15, the national average price for a gallon of gas was $4.316, according to AAA. In Illinois, that average price is $4.557.
In addition to municipal motor fuel sales tax, the state also has a sales tax. And, there's a federal gas tax as well.
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