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Illinois News : IL Lawmakers considering using employee pension funds
Posted by Ralyn on 2009/5/26 19:10:00 (584 reads) News by the same author

Illinois sales tax holiday on hiatus
Kurt Erickson | Posted: Tuesday, May 26, 2009 5:35 pm

*Only a small fraction of article is posted here with link to full article.

SPRINGFIELD – Illinois’ thirst for money has put the brakes on a sales tax holiday for back-to-school purchases.

In his proposed budget, Gov. Pat Quinn called for dropping state sales tax collections on clothes and other school-related supplies for a 10-day span in August.

But, the idea has gone nowhere in the General Assembly, which is busy this week trying to wrap up its action for the spring by a May 31 deadline.

On Tuesday, a spokeswoman for the governor acknowledged he’s abandoned the idea.

“While the governor still believes that a sales tax holiday would help working families, at this point he is focusing on other priorities such as balancing the budget and passing robust ethics reform,” spokeswoman Marcelyn Love noted in an email.

Lawmakers also said the state can’t afford to give up the estimated $50 million that would be lost if parents were given the sales tax break.

“I don’t think its going anywhere because we’re scrambling to find additional revenue,” said state Sen. John Sullivan, D-Rushville. “Any legislation that would actually take additional revenue away is probably not something that’s being given a lot of consideration at this point.”

The apparent death of the sales tax holiday comes as legislative leaders met with Quinn Tuesday as part of the on-going negotiations over the state’s spending plan.

Read full article - Quad City Times - click here

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