Date	Chamber	Action
2/9/2024	Senate	Referred to Assignments

Statutes Amended In Order of Appearance

New Act

5 ILCS 140/7.5

55 ILCS 5/5-1030

from Ch. 34, par. 5-1030

65 ILCS 5/8-3-13

from Ch. 24, par. 8-3-13

65 ILCS 5/8-3-14

from Ch. 24, par. 8-3-14

65 ILCS 5/8-3-14a

Synopsis As Introduced
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.

Actions 

Date	Chamber	Action
2/9/2024	Senate	Filed with Secretary by Sen. Cristina Castro
2/9/2024	Senate	First Reading
2/9/2024	Senate	Referred to Assignments

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