Several new Illinois tax increases take effect today (July 1), including for gasoline, sports bets, and tobacco and nicotine products. The state is attempting to raise $30 million in new revenue.
The tax on tobacco and nicotine products other than cigarettes, including vapes, pouches, and cigars, will increase to 45% across the board, regardless of the previous tax rate. Tobacco retailers will also see their annual license fee double, going from $75 to $150 per year.
