Prairie State Wire

Effective July 1, 2024, a significant change is set to take place in the motor fuel tax rate for various fuel types. According to a statement released, "As of July 1, 2024, the motor fuel tax rate will change for diesel, gasoline, LPG, LNG, and CNG." This alteration is expected to have an impact on consumers and businesses alike.

For further details and specifics regarding this upcoming adjustment, interested parties are encouraged to refer to the FY Bulletin 2024-23. The bulletin, titled "Change in the Motor Fuel Tax Rate, Effective July 1, 2024, through June 30, 2025," contains comprehensive information that can shed light on the implications of the revised tax rate. As stated, individuals and organizations can consult this bulletin for a more in-depth understanding of the changes that will come into effect.

This announcement serves as a notice to all stakeholders affected by the motor fuel tax rate adjustment, urging them to stay informed and prepared for the modifications that will be implemented starting July 1, 2024. "See FY Bulletin 2024-23, Change in the Motor Fuel Tax Rate, Effective July 1, 2024, through June 30, 2025 for more information."

As the deadline approaches, it is advised that individuals and entities reliant on diesel, gasoline, LPG, LNG, or CNG stay abreast of the developments outlined in the bulletin to navigate the upcoming changes effectively.