Governor Pritzker has just signed a significant piece of legislation that will reshape the state's tax landscape. So, what’s changing? First off, Illinois is repealing the 1% grocery sales tax. That’s right—no more extra tax on your grocery bills. However, this shift comes with a new twist: the responsibility for assessing this tax is now being handed over to local municipal boards. But that’s not all! The new law also introduces a range of new taxes. You could see an additional 1% sales tax on all tangible personal property, a new 9-1-1 cell phone surcharge in Chicago, a 1.25% sales tax dedicated to the Regional Transportation Authority, and a 3% hotel tax in Springfield. Stay tuned as we break down what these changes mean for you, how they might affect your budget, and what this means for local communities