COLLINS, DEL VALLE AND FARLEY.
HOTEL TAX-LOCAL TOURISM FUND
Synopsis of Bill as introduced:
Amends the Hotel Operators' Occupation Tax Act. Provides that
deposits into the Local Tourism Fund shall not exceed $11,000,000 in
FY98 and $11,000,000 plus 10% of the growth in the tax per year for
each fiscal year thereafter. Effective immediately.
SENATE AMENDMENT NO. 1.
Adds reference to:
20 ILCS 605/46.6a from Ch. 127, par. 46.6a
20 ILCS 605/46.6c from Ch. 127, par. 46.6c
20 ILCS 605/46.30a from Ch. 127, par. 46.30a
20 ILCS 665/4 from Ch. 127, par. 200-24
20 ILCS 665/4a from Ch. 127, par. 200-24a
20 ILCS 665/5 from Ch. 127, par. 200-25
20 ILCS 665/6 from Ch. 127, par. 200-26
20 ILCS 665/8 from Ch. 127, par. 200-28
30 ILCS 105/8.25 from Ch. 127, par. 144.25
Deletes everything. Amends the Civil Administrative Code.
Provides that the Department of Commerce and Community Affairs may
reserve 10% of the total funds (now 10% of funds reserved for
convention and tourism bureaus in cities with a population of 500,000
or less) appropriated to it from the Local Tourism Fund for
designated purposes, including funding Statewide promotional
activities and supporting an increased use of State historic sites.
Changes references from the Regional Tourism Councils to the Regional
Tourism Development organizations. Provides that DCCA may accept
gifts, grants, and awards from for profit organizations to deposit
into the International and Promotional Fund. Amends the Illinois
Promotion Act. Includes in the list of DCCA's powers the power to
formulate a program for the promotion of the film industry in the
State and the power to expend funds from the International and
Promotional Fund. Deletes current provisions requiring certain
transfers into the Tourism Promotion Fund. Provides that beginning
July 1, 1997, 13% of the net revenue from the Hotel Operators'
Occupation Tax Act plus 13% of net revenues realized under the Chicago
World's Fair-1992 Authority shall be deposited into the Tourism
Promotion Fund each month. Requires certain monthly transfers from the
General Revenue Fund to the Tourism Promotion Fund of amounts realized
under the Hotel Operators' Occupation Tax Act and the Chicago Worlds
Fair-1992 Authority Act. Amends the State Finance Act to delete
certain credits to the Tourism Promotion Fund and transfers from the
Tourism and Advertising Promotion Account. Amends the Hotel Operators'
Occupation Tax Act. Deletes current provisions authorizing an
appropriation not to exceed $8,000,000 for the Local Tourism Fund and
provides instead that certain amounts realized under the Act and the
Chicago Worlds Fair-1992 Authority Act shall be deposited into the
Fund. Effective July 1, 1997.
SENATE AMENDMENT NO. 2.
Provides that the current provisions regarding transfers from the
General Revenue Fund to the Tourism Promotion Fund in an amount equal
to (1) 10% of net revenue realized from the Hotel Operators Tax Act
and (2) 10% of net revenue realized from the Chicago Worlds Fair-1992
Authority Act shall apply until June 30, 1997. Makes a technical
Last action on Bill: PUBLIC ACT.............................. 90-0026
Last action date: 97-06-24
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 2
END OF INQUIRY
Full Text Bill Status