IL SB3512

Authorizes municipalities to impose a tax on resale facilitators (ticket brokers, auctioneers, and online platforms) at a rate of 1-5% of the selling price of tickets or licenses for amusements within the municipality.

Exempts from the tax the original sale of tickets by amusement owners or operators, and resales between registered ticket brokers under the Ticket Sale and Resale Act.

Defines "selling price" to include service fees and charges, but excludes federal, state, and local taxes on the resale and optional charges for additional services.

Establishes the Municipal Ticket and License Reselling Tax Fund as a trust fund administered by the Department of Revenue, with collections distributed monthly to municipalities and 1.5% retained for tax administration costs.

Allows tax to take effect July 1 or January 1 following municipal adoption and filing of an ordinance with the Department of Revenue by April 1 or October 1, respectively.