SB2053 amends the Hotel Operators' Occupation Tax Act and the Illinois Sports Facilities Authority Act to change the distribution of tax revenue and.
SB2053 amends the Hotel Operators' Occupation Tax Act and the Illinois Sports Facilities Authority Act to modify the distribution of tax revenue and grant requirements for local tourism and convention bureaus. The bill changes the allocation of funds from the tax imposed on hotel operators, directing a portion to the Build Illinois Fund, the Illinois Sports Facilities Fund, and various tourism promotion funds. It also adjusts the matching fund requirements for grants to local tourism and convention bureaus, reducing the required match from 50% to 25% starting in Fiscal Year 2026.
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- Legal Framework
- Critical Issues
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