IL SB0386

Amends Section 8-3-13 of the Illinois Municipal Code concerning hotel occupancy taxes in municipalities with 500,000 or more residents.

Makes a technical grammatical correction by changing "The" to "The" in the opening language of the statute (striking and underlining the same word).

Maintains existing provisions allowing municipalities to impose a tax of up to 1% on gross rental receipts from hotel rooms, excluding permanent resident rentals and Metropolitan Pier and Exposition Authority tax proceeds.

Preserves the State Department of Revenue's authority to collect and enforce the tax, with 4% retained for administrative costs and remaining funds distributed monthly to municipalities.

Requires municipalities receiving tax revenue to use funds solely for promoting tourism, conventions, and special events, with annual reporting to the Advisory Committee of the Illinois Tourism Promotion Fund.