IL SB2772

Requires municipalities to use at least 50% of hotel operators' occupation tax and hotel use tax revenue to promote tourism and attract nonresident overnight visitors to the municipality.

Allows municipalities to use the remaining portion of collected hotel tax revenue for general corporate purposes instead of restricting it solely to tourism promotion.

Prohibits funds from being used to advertise for or promote new competition in the hotel business.

Applies to both the municipal hotel operators' occupation tax (up to 6% in East Peoria and Morton, 5% elsewhere) and the municipal hotel use tax (up to 5%).