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<xml>
<title>Illinois General Assembly - Bill Status for HB 5015   </title>
<shortdesc>PREMIER RESORT AREAS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jim Sacia</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><SynopsisText>     Creates the Premier Resort Areas Act. Provides that the governing body of a municipality or county may enact an ordinance or adopt a resolution declaring itself (for a county, the unincorporated areas only) to be a premier resort area if at least 40% of the equalized assessed value of the taxable commercial property within the municipality or unincorporated areas of the county is used by tourism-related retailers. Authorizes a premier resort area to impose an occupation or service tax on tourism-related retailers at a rate of 0.5% of the gross receipts from sales of tangible personal property at retail or 0.5% of the gross receipts from the selling price of all tangible personal property transferred as an incident to a sale of service, as appropriate. Authorizes intergovernmental cooperation agreements between 2 or more premier resort areas.</SynopsisText></synopsis>
<actions>
<statusdate>2/5/2004</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jim Sacia</action>
<statusdate>2/5/2004</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/5/2004</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

