Illinois General Assembly - Bill Status for HB5146

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
2/8/2024	House	Filed with the Clerk by Rep. Marcus C. Evans, Jr.
2/9/2024	House	First Reading
2/9/2024	House	Referred to Rules Committee
3/5/2024	House	Assigned to Revenue & Finance Committee
3/8/2024	House	To Revenue - Sales, Amusement and Other Taxes Subcommittee
4/5/2024	House	Rule 19(a) / Re-referred to Rules Committee

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