Bill Status of SB2564  103rd General Assembly


Short Description:  SHORT-TERM RENTAL TAX ACT

Senate Sponsors
Sen. Cristina Castro

Last Action
DateChamber Action
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
New Act
35 ILCS 145/2from Ch. 120, par. 481b.32
35 ILCS 145/3from Ch. 120, par. 481b.33
35 ILCS 145/3-2 new
35 ILCS 145/3-3 new
35 ILCS 145/4from Ch. 120, par. 481b.34
35 ILCS 145/5from Ch. 120, par. 481b.35
35 ILCS 145/6from Ch. 120, par. 481b.36
55 ILCS 5/5-1030from Ch. 34, par. 5-1030
65 ILCS 5/8-3-13from Ch. 24, par. 8-3-13
65 ILCS 5/8-3-14from 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 Hotel Operators' Occupation Tax Act. Provides that re-renters of hotel rooms who meet certain criteria related to gross receipts or number of transactions are required to collect and remit the tax under the Act. Amends the Counties Code and the Illinois Municipal Code to make conforming changes. Effective January 1, 2024.

Actions 
DateChamber Action
  4/19/2023SenateFiled with Secretary by Sen. Cristina Castro
  4/19/2023SenateFirst Reading
  4/19/2023SenateReferred to Assignments
  1/24/2024SenateAssigned to Revenue
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments