· IL legislature · 104th

SHORT-TERM RENTAL TAX ACT

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 th…

Sponsor

Cristina Castro (D-IL)

Introduced

2025-02-05

Policy area

Taxation

Latest action

Rule 3-9(a) / Re-referred to Assignments