IL SB2564 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
SHORT-TERM RENTAL TAX ACT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-07 | Senate | Session Sine Die |
| 2024-03-15 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2024-01-24 | Senate | Assigned to Revenue |
| 2023-04-19 | Senate | Referred to Assignments |
| 2023-04-19 | Senate | First Reading |
| 2023-04-19 | Senate | Filed with Secretary by Sen. Cristina Castro |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 145 | 2 | Amended Code | Citation Text |
| 35 | 145 | 3 | Amended Code | Citation Text |
| 35 | 145 | 3-2 | New Code | See Bill Text |
| 35 | 145 | 3-3 | New Code | See Bill Text |
| 35 | 145 | 4 | Amended Code | Citation Text |
| 35 | 145 | 5 | Amended Code | Citation Text |
| 35 | 145 | 6 | Amended Code | Citation Text |
| 55 | 5 | 5-1030 | Amended Code | Citation Text |
| 65 | 5 | 8-3-13 | Amended Code | Citation Text |
| 65 | 5 | 8-3-14 | Amended Code | Citation Text |
| 65 | 5 | 8-3-14a | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2564&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB2564.htm |
