IL SB0217

Amends the Parking Excise Tax Act to add four new exemptions to parking tax requirements for designated categories of operators and lessees.

Exempts parking areas or garages operated by the State, State universities, or units of local government that hold active tax exemption numbers, provided they are directly operated by the governmental entity and not through third-party contracts.

Exempts parking in areas owned and operated by real estate rental businesses when used by lessees for personal vehicle storage and not for subleasing parking spaces for profit.

Exempts purchases of parking spaces by governmental entities with valid tax exemption numbers when bought directly by the government for employee use, and exempts governmental entities from collecting tax when renting leased spaces to the public.

Changes the exemption for small parking operators from a period-ending provision to a semicolon, clarifying that operators of 3 or fewer spaces in the State are exempt unless they act as operator of more than 3 total spaces statewide.