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‘Re-renters’ tax in the budget mix?

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Illinois

* Capitol News Illinois…

Thus far, the [Statehouse budget] negotiations between the governor’s office and Democratic leaders have spawned at least one likely addition to the revenue mix that could raise another $30-$50 million beyond what Pritzker had planned.

Sen. Cristina Castro, a high-ranking Democrat from Elgin, told Tichenor she’s pushing a “re-renters” tax on third-party entities that resell large blocks of hotel rooms. Castro said those groups don’t pay the standard hotel operator’s room occupation tax, but they’d be required to do so under her plan, which she expects to be included in the final revenue package.

The bill is here. There’s another version in the House.

Thoughts?

posted by Rich Miller
Friday, May 17, 24 @ 11:40 am

Comments

The “standard” tax is incorporated into price structure already. Tax on top of tax is not the route to go…increasing the tax and reapportioning the proceeds, mayhaps. We already pay too many fees on top of the exorbitant cost of luxuries. This will just add to price/cost inflation.

Comment by Central IL Centrist Friday, May 17, 24 @ 11:44 am
===The “standard” tax is incorporated into price structure already.===

No…it isn’t. This isn’t a tax on top of a tax. It’s a loophole that 10 other states have already closed, including Republican states.

Comment by 4 eyes Friday, May 17, 24 @ 12:01 pm
This seems like a no brainer. Didn’t realize this was happening.

Comment by Lincoln Lad Friday, May 17, 24 @ 12:08 pm
I’ve been saying this since my days at Revenue when I was a young lad.

Comment by Glengarry Friday, May 17, 24 @ 12:18 pm
Should be a relatively easy Yes vote for most Dems. Not sure about Repubs.

Comment by low level Friday, May 17, 24 @ 1:04 pm

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