IL SB2553

Creates a new exemption from Illinois hotel occupancy tax for hotel operators renting rooms to charitable, religious, or educational organizations with active Exemption Identification Numbers, effective January 1, 2024.

Exemption applies when rooms are rented in furtherance of the exempt organization's stated purposes and requires hotel operators to obtain and maintain the organization's Exemption Identification Number in their books and records.

Modifies existing religious organization exemption (effective July 1, 2017) by narrowing it after January 1, 2024 to only apply when religious entities themselves act as hotel operators, removing the provision allowing tax-exempt rentals to other religious organizations.

Exempts hotel operators whose only rentals fall under the charitable/religious/educational exemptions from all provisions of the Hotel Operators' Occupation Tax Act.

Takes effect immediately upon becoming law.