Illinois Tax Hike Falls Short of Revenue Expectations

Five years ago last month, another tax hike was hitting pocketbooks around the state of Illinois.

In June 2012, a dollar-per-pack cigarette tax increase raised the state levy from 98 cents to $1.98. The same law also increased taxes on other products such as loose tobacco and supplies. Supporters estimated the state would see an additional $350 million each year from the hikes.

A review of data from the Illinois Department of Revenue, however, shows the number never has come close to the goal.

I write for Illinois News Network.

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