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Illinois bill would add new tax to Airbnb-style rentals, fund affordable housing – WTVO (Rockford)
Summary by WirePoints Illinois Financial News
1 Articles
1 Articles
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.
Coverage Details
Total News Sources1
Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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