Illinois 104th General Assembly Status: Introduced 2 D cosponsors

HB5776      — SHORT-TERM RENTAL TAX ACT

Last action — Added Co-Sponsor Rep. Lilian Jiménez

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the House. Introduced May 15, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

Imposes a 4% tax on short-term rentals to fund community land trusts in Illinois.

This bill introduces a 4% tax on short-term rental prices, directing the revenue to a new Community Land Trust Fund. The fund will support the Illinois Housing Development Authority in developing and assisting community land trusts across the state.

What this means for you
  • Families: This tax may affect families seeking short-term rentals by potentially increasing rental costs.

Summary

Creates the Short-Term Rental Excise Tax Act. Imposes a tax upon renters of short-term rentals at the rate of 4% of the rental price of those short-term rentals. Provides that the proceeds from the tax shall be deposited into the Community Land Trust Fund. Amends the State Finance Act to create the Community Land Trust Fund. Provides that moneys in the Community Land Trust Fund shall be used by the Illinois Housing Development Authority for development, staffing, and capacity building and technical assistance related to community land trusts in the State. Amends the Community Land Trust Home Ownership Act. Makes changes to the definition of community land trust. Effective immediately.

Bill Text

We don't have the full text on file for this bill yet.

Read HB5776 on the official Illinois source →

Action History

  1. Added Co-Sponsor Rep. Lilian Jiménez

  2. Referred to Rules Committee

  3. First Reading

  4. Filed with the Clerk by Rep. Will Guzzardi

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 181 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (181)

181 members have not signed on to this bill.

Show all 181 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB5776      do?
Creates the Short-Term Rental Excise Tax Act. Imposes a tax upon renters of short-term rentals at the rate of 4% of the rental price of those short-term rentals. Provides that the proceeds from the tax shall be deposited into the Community Land Trust Fund. Amends the State Finance Act to create the Community Land Trust Fund. Provides that moneys in the Community Land Trust Fund shall be used by the Illinois Housing Development Authority for development, staffing, and capacity building and technical assistance related to community land trusts in the State. Amends the Community Land Trust Home Ownership Act. Makes changes to the definition of community land trust. Effective immediately.
Who sponsors HB5776     ?
HB5776      is sponsored by Will Guzzardi (Democrat) and Lilian Jiménez (Democrat).
What is the current status of HB5776     ?
This bill has been introduced in the House. Introduced May 15, 2026. It must pass committee before a floor vote.
Where can I track HB5776     ?
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Last checked for changes 4 months ago · updated continuously

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