SHORT-TERM RENTAL TAX ACT

What it does

The legislature's own summary of the bill, or its official long title.

Creates the Short-Term Rental Occupation Tax Act. Imposes taxes upon short-term rental transactions facilitated by a hosting platform. Provides that one tax is imposed at the rate of 5% of 94% of the gross rental receipts from the transaction. Provides that an additional tax is imposed at the rate of 1% of 94% of the gross rental receipts from the transaction. Provides that operators of short-term rentals shall obtain a business license from the Department of Revenue. Amends the Counties Code and the Illinois Municipal Code to make conforming changes. Effective immediately.

Every action

7 steps, oldest first, as the legislature records them.

1. Feb 8, 2024HouseFiled with the Clerk by Rep. Marcus C. Evans, Jr.
2. Feb 9, 2024HouseFirst Reading
3. Feb 9, 2024CommitteeReferred to Rules Committee · House Rules
4. Mar 5, 2024CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
5. Mar 8, 2024CommitteeTo Revenue - Sales, Amusement and Other Taxes Subcommittee · House Sales, Amusement and Other Taxes
6. Apr 5, 2024CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
7. Jan 7, 2025HouseSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

• Marcus C. Evans, Jr.D Primary sponsor · District 33