REVENUE-AFFORDABLE HOUSING
- Introduced Feb 2, 2026
- In committee Feb 2, 2026
- Passed the Senate Next
- Passed the House
- To the governor
- Became law
What it does
The legislature's own summary of the bill, or its official long title.
Amends the Hotel Operators' Occupation Tax Act. Imposes a tax upon hosting platforms that facilitate the renting, leasing, or letting of short-term rentals. Provides that the tax is imposed at the rate of 4% of 94% of the gross rental receipts received by the platform from the renting, leasing, or letting of short-term rentals in this State. Provides that the proceeds from the tax shall be deposited into the…
Read the full title (154 words)
Amends the Hotel Operators' Occupation Tax Act. Imposes a tax upon hosting platforms that facilitate the renting, leasing, or letting of short-term rentals. Provides that the tax is imposed at the rate of 4% of 94% of the gross rental receipts received by the platform from the renting, leasing, or letting of short-term rentals in this State. Provides that the proceeds from the tax shall be deposited into the Community Land Trust Fund. Amends the State Finance Act to create the Community Land Trust Fund. Amends the Property Tax Code. Provides that property that is owned by a non-profit community land trust and that is used exclusively for the creation and maintenance of permanently affordable single-family or multifamily residences is exempt beginning with the taxable year in which the property is acquired by the community land trust and continuing through the taxable year in which the property is sold to a homeowner. Effective immediately.
Every action
28 steps, oldest first, as the legislature records them.
Show the 20 earlier steps
- SenateFiled with Secretary by Sen. Graciela Guzmán
- SenateFirst Reading
- CommitteeReferred to Assignments · Senate Assignments
- CommitteeAssigned to Revenue · Senate Revenue
- SenateAdded as Co-Sponsor Sen. David Koehler
- SenateRule 2-10 Committee Deadline Established As April 24, 2026
- SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Graciela Guzmán
- CommitteeSenate Committee Amendment No. 1 Referred to Assignments · Senate Assignments
- CommitteeSenate Committee Amendment No. 1 Assignments Refers to Revenue · Senate Assignments
- SenateAdded as Co-Sponsor Sen. Rachel Ventura
- SenateAdded as Co-Sponsor Sen. Mark L. Walker
- SenateAdded as Co-Sponsor Sen. Laura Fine
- SenateAdded as Co-Sponsor Sen. Mattie Hunter
- SenateAdded as Co-Sponsor Sen. Cristina Castro
- SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Graciela Guzmán
- CommitteeSenate Committee Amendment No. 2 Referred to Assignments · Senate Assignments
- CommitteeSenate Committee Amendment No. 2 Assignments Refers to Revenue · Senate Assignments
- SenateAdded as Co-Sponsor Sen. Napoleon Harris, III
- SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
- SenateSenate Committee Amendment No. 3 Filed with Secretary by Sen. Graciela Guzmán
- CommitteeSenate Committee Amendment No. 3 Referred to Assignments · Senate Assignments
- CommitteeSenate Committee Amendment No. 3 Assignments Refers to Revenue · Senate Assignments
- SenateRule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
- SenateAdded as Co-Sponsor Sen. Mike Simmons
- CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
- CommitteeSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments · Senate Assignments
- CommitteeSenate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments · Senate Assignments
- CommitteeSenate Committee Amendment No. 3 Rule 3-9(a) / Re-referred to Assignments · Senate Assignments
Roll calls
No recorded votes on this bill yet.
Sponsors
The member who introduced it, joined by 8 cosponsors: 8 Democrats.
-
Graciela GuzmánD Primary sponsor · District 20
All 8 cosponsors
From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.