Illinois bill would add new tax to Airbnb-style rentals, fund affordable housing – WTVO (Rockford)

House Bill 5776 would impose a 4 percent excise tax on short-term rentals across Illinois, with the money dedicated to a new Community Land Trust Fund to support affordable housing initiatives. The money would be used for development, staffing and technical assistance for community land trusts, which aim to create permanently affordable housing.
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