New Illinois laws, taxes starting July 1 include single use plastic restrictions, tipped minimum wage increase, vape tax - CBS News
Summary
Illinois hosts and those looking to enter the market should take note of new laws and tax changes starting July 1, including restrictions on single-use plastics, an increase in the tipped minimum wage, and a new tax on vapes. This will impact operational costs and compliance. Stay informed to ensure your STR business remains compliant with local regulations.
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The West Seneca board rejected Kloc's Grove's plans to expand its short-term rental operations, signaling stricter local regulations on STRs. This decision highlights the increasing scrutiny of STR expansion and underscores the importance of understanding local ordinances. Hosts looking to grow their portfolios should prioritize compliance and research local zoning laws before investing.
A short-term rental proposal in Kloc’s Grove was not approved by the town board, signaling potential local regulatory challenges for hosts. This could indicate stricter enforcement or resistance to new STR developments in the area. Hosts should stay informed of local council decisions for compliance.
A short-term rental proposal in Kloc’s Grove was not approved by the town board, according to a News 4 Buffalo report. This suggests potential local regulatory hurdles for STR operations. Hosts should be aware of local regulations, including potential restrictions on property use for short-term rentals and the need for permits.
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