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IL HB5811

Bill

Status

Failed

1/8/2013

Primary Sponsor

Mike Fortner

Click for details

Origin

House of Representatives

97th General Assembly

AI Summary

HB5811 Summary

  • Amends Section 8-3-13 of the Illinois Municipal Code regarding hotel taxes in municipalities with 500,000 or more inhabitants.

  • Makes a technical correction to clarify that municipal corporate authorities may impose a tax not exceeding 1% on gross rental receipts from hotel rooms.

  • Tax excludes proceeds from permanent residents' rentals and revenues from the Metropolitan Pier and Exposition Authority tax.

  • State Department of Revenue collects and administers the tax, retaining 4% of collected amounts to cover administrative costs, with remaining funds disbursed to municipalities monthly.

  • Municipalities must use tax revenue solely to promote tourism, conventions, and special events, with annual reporting required to the Illinois Tourism Promotion Fund Advisory Committee.

Legislative Description

LOCAL GOVERNMENT-TECH

Last Action

Session Sine Die

1/8/2013

Committee Referrals

Rules2/16/2012

Full Bill Text

No bill text available