Illinois SB3169 imposes a tax on hotel operators and hosting platforms for short-term rentals, with proceeds allocated to various funds.
Illinois SB3169 introduces a tax on hotel operators and hosting platforms facilitating short-term rentals. The tax applies to hotel operators with gross receipts over specified thresholds and hosting platforms starting from January 1, 2027. The tax revenue is allocated to funds including the Build Illinois Fund, Tourism Promotion Fund, Local Tourism Fund, Chicago Travel Industry Promotion Fund, and International Tourism Fund. Exemptions include religious organizations and disaster relief entities.
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- Legal Framework
- Critical Issues
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