Hotel Accommodations Tax (7520) AND Vacation Rental and Shared Housing Surcharge (7520S)
On 1/10/19, any business that has previously reported gross charges from vacation rentals and/or shared housing on its Hotel Accommodations Tax return (Form 7520) will be registered for the Vacation Rental and Shared Housing Surcharge (Form 7520S). The new form mirrors the 7520 tax return, but the Tax and the Surcharge should be paid and reported separately beginning with the December 2018 payment due 1/15/19. As a reminder, the Surcharge rate is 6% as of 12/1/18. The Hotel Accommodations Tax remains 4.5%. Please email revenuedatabase@cityofchicago.org or call our Business Contact Center at 312-747-4747 if you have any questions.
| Municipal Code Reference: | 3-24 |
| Tax Return Form Code: | Form 7520 |
| Procedure: | The Hotel Accommodations Tax is imposed upon the rental or leasing of any hotel accommodations. Operators must collect the tax. |
| Tax Rate: |
Effective 12/1/18: Base rate of 4.5% of the gross rental or leasing charge. For vacation rentals and shared housing units, a 6% surcharge in addition to the 4.5% base rate for a total City tax rate of 10.5% of the gross rental or leasing charge. Through 11/30/18: Base rate of 4.5% of the gross rental or leasing charge. For vacation rentals and shared housing units, a 4% surcharge in addition to the 4.5% base rate for a total City tax rate of 8.5% of the gross rental or leasing charge. |
| Exemptions, Deductions and Credits: | The Hotel Tax does not apply to:
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| Rulings and Procedures: |
Hotel Tax Ruling 1: Domicile and permanent residence Uniform Revenue Procedures Ordinance Ruling 6: Collection Obligations - Facilitators April 2008 Information Bulletin - Hotel Tax Matrix New Vacation Rental and Shared Housing Surcharge 2018
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Businesses registered for Hotel Accommodations Tax with the Chicago Department of Finance.