Illinois Senate nears floor vote on 2 billion tax relief bill
The Illinois Senate Revenue Committee approved an 8-3 vote to send a $2 billion sales tax relief plan to the floor, despite Governor Thompson opposing it as too costly. The package would phase out the 5 percent sales tax on food and drugs by Sept 1 1983 and include local tax relief and income tax adjustments, with supporters arguing future brakes could curb costs.
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The reader explains that abbreviations EFA and PGA refer to Electric Fuel Adjustment and Purchased Gas Adjustment, clarifying their meaning beyond letters on bills.
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