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J.B. Pritzker doubled the state's gasoline tax in 2019 to 38 cents from 19 cents per gallon. He also built in automatic annual increases, but his election-year package of tax relief measures included a 6-month delay in the automatic hike. That means during 2023 motorists get two 3.1-cent hikes, totaling 6.2 cents.
Definition. The Gas Use Tax Act is imposed on persons who purchase natural gas from outside of Illinois for their own use (not for resale). Purchasers may pay the Gas Use Tax to their distributor or may elect to become a self-assessor.
1. n. [Geology, Shale Gas] The gaseous phase present in a reservoir or other contained area.
The increase in the gas tax is scheduled each year for July and is tied to annual inflation calculated by the Department of Labor. The Consumer Price Index for 2022 was 8.2%, making for an increase of approximately 3.1 cents per gallon and 42.4 cents per gallon overall.
Illinois Oil and Gas Act (225 ILCS 725) provides for the conservation of oil and gas resources through the protection of correlative rights, proper well spacing, integration and unitization of mineral interests; and for the regulation of the drilling, construction, operation, and plugging of oil and gas production ...
Oil and gas law in the United States is the branch of law that pertains to the acquisition and ownership rights in oil and gas both under the soil before discovery and after its capture, and adjudication regarding those rights.
The next time you pump gas, take a closer look at the signage on the pumps around you. WFMY News 2 digital content manager Devetta Blount was at the CITGO on Holden and Vandalia Roads, when she saw a sign reading: WARNING: PERSONS UNDER THE AGE OF 16 SHOULD NOT BE PERMITTED TO OPERATE THIS FUEL DISPENSING EQUIPMENT.
Illinois Oil and Gas Act (225 ILCS 725) provides for the conservation of oil and gas resources through the protection of correlative rights, proper well spacing, integration and unitization of mineral interests; and for the regulation of the drilling, construction, operation, and plugging of oil and gas production ...
Illinois Oil and Gas Act (225 ILCS 725) provides for the conservation of oil and gas resources through the protection of correlative rights, proper well spacing, integration and unitization of mineral interests; and for the regulation of the drilling, construction, operation, and plugging of oil and gas production ...