# Illinois HB5776: SHORT-TERM RENTAL TAX ACT

Illinois HB5776, SHORT-TERM RENTAL TAX ACT, is a 104th General Assembly (2025–2026) House bill sponsored by Will Guzzardi (Democratic); status in committee, last action 2026-05-29 (Added Co-Sponsor Rep. Lilian Jiménez) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-HB5776-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois HB5776
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: SHORT-TERM RENTAL TAX ACT
- Status: in committee
- Chamber: House
- Introduced: 2026-05-15
- Last action: 2026-05-29, Added Co-Sponsor Rep. Lilian Jiménez
- Sponsor: Will Guzzardi (Democratic)
- Cosponsors: 1
- Touches household money: no
- Economic provisions PRIA read: 0

## 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 overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Will Guzzardi (Democratic), House
- Cosponsor: Lilian Jiménez (Democratic), House

## Actions (4)

- 2026-05-29: Added Co-Sponsor Rep. Lilian Jiménez (House)
- 2026-05-19: Referred to Rules Committee (House)
- 2026-05-19: First Reading (House)
- 2026-05-15: Filed with the Clerk by Rep. Will Guzzardi (House)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB5776.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB5776.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-HB5776-2025-2026 (as of 2026-11-01).