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Synopsis As Introduced Creates the Neighborhood Concert Tax Act. Provides for a 2% tax on admission tickets to organized for-profit concerts in public parks. Establishes the Neighborhood Concert Tax Fund to be a repository for the tax proceeds. Provides for disbursement of 100% of the proceeds to the park district that hosted the concert to subsidize programs of the park district that ordinarily require a fee for participation. Defines terms. Makes corresponding additions to the State Finance Act. Effective immediately.
Replaces everything after the enacting clause. Amends the Park District Code. Provides that at least 55% of the special event permit fees collected by the Chicago Park District on or after the effective date of the amendatory Act must be used for capital, construction, or programming purposes at the specific park where the special event occurs. Effective immediately.
Replaces everything after the enacting clause. Amends the Chicago Park District Act. Provides that at least 10% of the special event permit fees collected by the Chicago Park District on or after the effective date of the amendatory Act must be used for capital, construction, or programming purposes at the specific park where the special event occurs. Provides that the amendatory Act does not apply to special events that occur at Grant Park. Effective January 1, 2025.
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