Illinois Senate Bill 2564

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on April 19 2023 - 25% progression
Action: 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

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.

SHORT-TERM RENTAL TAX ACT

Sen. Cristina Castro [D]

Date	Chamber	Action
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

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

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