Bill Status of HB5934 98th General Assembly
Short Description: REV-TOURIST PROMO FUND
Rep. Fred Crespo
| 12/3/2014||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Promotion Act. Provides that one-third of the monies deposited in the Tourism Promotion Fund under the Hotel Operators' Occupation Tax shall be used solely for advertising to promote tourism. Deletes a provision that 8% and 13% of the net revenue realized from the Hotel Operators' Occupation Tax Act shall be deposited into the Tourism Promotion Fund. Amends the Hotel Operators' Occupation Tax Act. Provides that beginning on July 1, 2014, an amount equal to 21% of the net revenue realized from that Act during the preceding month shall be deposited to the Tourism Promotion Fund for the purposes authorized in the Illinois Promotion Act. Effective immediately.