State Representatives Sandy Hamilton (R-Springfield) and Tim Butler (R-Springfield) recently passed HB 4132 out of the Illinois House on a unanimous vote of 114-0-0 to create an exemption to the parking excise tax. This exemption would apply to parking areas and garages for the use of attendees, vendors, and employees of the Illinois State Fair in Springfield and the DuQuoin State Fair downstate.
“Any time we can save people money and help support the tourism industry for Springfield and the State of Illinois, I am happy to fight for that,” commented Rep. Sandy Hamilton.
This legislation amends the Parking Excise Tax Act for this exemption for parking areas that are operated for the use of attendees, vendors, or employees of the Illinois State Fair or the DuQuoin State Fair and are not otherwise subject to taxation under the Act in the ordinary course of business.
The Parking Excise Tax is currently imposed at the rate of 6% of the purchase price for a parking space paid for on an hourly, daily, or weekly basis; or at 9% of the purchase price for a parking space paid for on a monthly or annual basis.
“This legislation is a boost for Illinois tourism, our State Fairs, and provides some tax relief at the same time. It’s a no-brainer,” said Rep. Tim Butler. “I hope it receives the same unanimous support in the Senate, and I hope the Governor will sign it into law before the fairs kick off this summer.”
For more information about the Illinois State Fair click HERE.