SHORT-TERM RENTAL TAX ACT House SponsorsRep. Marcus C. Evans, Jr. 1/7/2025HouseSession Sine Die New Act5 ILCS 140/7.555 ILCS 5/5-1030from Ch. 34, par. 5-103065 ILCS 5/8-3-13from Ch. 24, par. 8-3-1365 ILCS 5/8-3-14from Ch. 24, par. 8-3-1465 ILCS 5/8-3-14a Creates the Short-Term Rental Occupation Tax Act. Imposes taxes upon short-term rental transactions facilitated by a hosting platform. Provides that one tax is imposed at the rate of 5% of 94% of the gross rental receipts from the transaction. Provides that an additional tax is imposed at the rate of 1% of 94% of the gross rental receipts from the transaction. Provides that operators of short-term rentals shall obtain a business license from the Department of Revenue. Amends the Counties Code and the Illinois Municipal Code to make conforming changes. Effective immediately. 2/8/2024HouseFiled with the Clerk by Rep. Marcus C. Evans, Jr. 2/9/2024HouseFirst Reading 2/9/2024HouseReferred to Rules Committee 3/5/2024HouseAssigned to Revenue & Finance Committee 3/8/2024HouseTo Revenue - Sales, Amusement and Other Taxes Subcommittee 4/5/2024HouseRule 19(a) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die