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Tuesday, February 4, 2025
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illinois policy institute

Community

Illinois Residents Will Soon Pay More For Everyday Items Such As Gas And Groceries

Andrew Hensel | The Center Square -
Higher fees hurt Illinois residents who are already facing some of the highest property taxes in the nation, according to Hill. #gastax #grocerytax
Community

Some Say Illinois’ High Cannabis Tax Rate is Costing State in Revenue

Silence DoGood -
In March, Illinois generated $135 million from legal cannabis sales as the state implemented a tax rate of 25% of the purchase price of marijuana. In 2022, Illinois generated $445 million in tax revenue from legal cannabis sales.

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