HF3074 Summary

• Cook County Board of Commissioners may impose up to one percent tax on lodging gross receipts, with total lodging tax not exceeding four percent.

• Cook County Board of Commissioners may impose up to three percent tax on admissions to entertainment and recreational facilities and rental of recreation equipment.

• Tax revenues must fund a new Cook County Event and Visitors Bureau, which requires annual budget approval by the Board of Commissioners before receiving any revenues.

• Taxes terminate 30 years after first imposition.

• Effective date is the day following final enactment.