Gov. Pritzker: one-time state rebates will put ‘a whole lot of {dollars} again in individuals’s pockets’

CHICAGO (CBS) — Gov. JB Pritzker and state lawmakers are describing a one-time state rebate program that begins this week as more cash in your pocket.

As CBS 2 Political Investigator Dana Kozlov reported Monday, some households could possibly be getting as much as $700 again from the state over the following two months. But critics say the rebate – throughout an election 12 months – is suspect.

By verify or direct deposit, Gov. Pritzker says the state is on the brink of put a grand whole of $2.2 billion again into taxpayers’ pockets.

“These rebate payments are just one in a series of actions that we’re taking to provide some financial cushion in these times,” Pritzker stated.

“These times,” in fact, have seen skyrocketing inflation, fuel costs, and even utility payments.

There are two completely different rebates – an earnings tax rebate and a house owner’s rebate. The breakdown is as follows – those that filed a 2021 earnings tax return will get $100 per dependent for as much as three dependents, and they’ll additionally get $50 per grownup.

People who made lower than $200,000, and {couples} who made lower than $400,000, will get the cash.

“We know it’s not a lot, but every little bit helps,” stated Illinois state Rep. Will Davis (D-East Hazel Crest).

People who claimed a property tax credit score in 2021 may also be eligible for a property tax credit score of as much as $300.

“And getting it all completed as soon as possible is my primary goal,” stated Illinois Comptroller Susana Mendoza.

In April, state lawmakers voted in favor of handing out the rebates. Mendoza’s spokesperson stated no federal stimulus funds are getting used to pay taxpayers again – it’s all as a consequence of a surplus that has come about partially as a result of state revenues far exceeded state projections.

“This year, because we had a surplus – and because it’s a one-time surplus – we’re providing a one-time property tax relief measure that puts hundreds of dollars back in people’s pockets,” Pritzker stated. “No doubt, more work needs to be done.”

More work is required, the governor stated, by way of everlasting property tax aid. But that’s one thing Pritzker stated falls to native governments, not the state.

Meanwhile, there’s a timing difficulty right here. The rebates are being handed out within the weeks main up tot eh November election – and it was identified some could accuse state Democrats of attempting to purchase votes.

“Well, we passed it back in the spring – that’s you pass a budget,” Pritzker stated.

Pritzker went on to say the rebate took time to course of – by no means addressing the priority concerning the timing instantly.

If you are questioning how you may see the rebate, it is going to come to you the way in which you filed your tax return – direct deposit or paper verify.

Rebates might take a number of months to be issued, however you’ll be able to verify the standing at tax.illinois.gov/rebates.