Illinois gas tax increase, new minimum wage and more: New Illinois laws in effect July 1 - NBC 5 Chicago
Summary
This article discusses new Illinois laws effective July 1, including a gas tax increase and a new minimum wage. Illinois hosts should be aware of these changes, as they could impact their expenses and potentially their pricing strategy.
Key Insights
- •A gas tax increase is going into effect in Illinois.
- •A new minimum wage is also going into effect in Illinois.
Action Items
- ✓Hosts may need to adjust their pricing strategy to accommodate increased operating expenses.Effort: mediumImpact: medium
- ✓Hosts in Illinois should review the new regulations to understand their impact on their costs and operations.Effort: lowImpact: medium
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
Curated by Learn STR by GoStudioM