Wednesday, January 26, 2011

Franks plans to bring back sales tax holiday

State Rep. Jack Franks, D-Marengo, issued the following news release about a bill he filed in Springfield:

Motivated by the need to help Illinois families make ends meet during these harsh economic times, State Rep. Jack D. Franks (D-Woodstock) introduced legislation Monday that will implement an annual sales tax holiday on back-to-school items.

House Bill 258 is an extension of Illinois’ 2010 sales tax holiday trial, which Franks helped pass. The measure would implement a 10-day sales tax holiday in Illinois on clothing and school supplies each year. The holiday does not make merchandise tax-free, but does significantly reduce the sales tax rate to just 1.25% throughout the state.

Click on the following for more details:  Northwest Herald | The Bulletin Board

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