Illinois’ first-ever sales tax holiday is in the books, but it may be weeks before there’s any calculation of how much consumers saved at the expense of state coffers.
SPRINGFIELD, Ill. (AP) — Illinois’ first-ever sales tax holiday is in the books, but it may be weeks before there’s any calculation of how much consumers saved at the expense of state coffers. The Illinois Department of Revenue had estimated the state stood to lose as much as $60 million in sales-tax revenue from the 10-day tax reprieve that ended Sunday. The waiver applied largely to back-to-school items and was meant to stoke spending while making Illinois more competitive with neighboring states that already were offering such a sales-tax holiday. Revenue Department spokeswoman Sue Hofer says the outcome of the reprieve won’t be known until after retailers file their August sales paperwork with the state. But even then, she says, it may be difficult to break out what happened during the sales-tax break versus the rest of the month. Copyright 2010 The Associated Press. (AP Photo/The Dispatch, Gary Krambeck)
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