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IL HB5811
Bill
Status
1/8/2013
Primary Sponsor
Mike Fortner
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AI Summary
HB5811 Summary
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Amends Section 8-3-13 of the Illinois Municipal Code regarding hotel taxes in municipalities with 500,000 or more inhabitants.
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Makes a technical correction to clarify that municipal corporate authorities may impose a tax not exceeding 1% on gross rental receipts from hotel rooms.
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Tax excludes proceeds from permanent residents' rentals and revenues from the Metropolitan Pier and Exposition Authority tax.
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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.
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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