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An Ordinance Amending Chapter 23A ("Taxes"), Article 4 ("Hotel/Motel and Transient Occupancy Rental Unit Tax") of the Oak Park Village Code Regarding Hotel Taxes.
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Introduction
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Staff have drafted revisions to Chapter 23A ("Taxes"), Article 4 ("Hotel/Motel and Transient Occupancy Rental Unit Tax") to add the role of "facilitator."
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Recommended Action
Adopt the ordinance.
Prior Board Action
* ORD 24-108 An Ordinance Amending Chapter 12 ("Housing"), Article 7 ("Housing Trust Fund"), Section 12-7-8 ("Source of Funds") and Chapter 23A ("Taxes"), Article 4 ("Hotel/Motel and Transient Occupancy Rental Unit Tax") of the Oak Park Village Code to Adopt a Transient Occupancy Rental Unit Tax Surcharge
* MOT 24-112 A Motion to Direct Village Staff to Draft for Village Board Consideration an Ordinance Amending the Oak Park Village Code to Adopt a Transient Occupancy Rental Unit Surcharge Tax in the Amount of 3.5% to be Allocated to the Affordable Housing Fund
Background
At the Village Board meeting on February 6, 2024, the Village Board approved a motion directing staff to prepare for Village Board consideration an ordinance amending the Village Code to adopt a Transient Occupancy Rental Unit Surcharge Tax in the Amount of 3.5% to be allocated to the Housing Trust Fund to support affordable housing goals.
At the Village Board meeting on February 20, 2024, the Village Board approved Ordinance 24-108 to adopt a Transient Occupancy Rental Unit Surcharge Tax in the Amount of 3.5% to be allocated to the Housing Trust Fund to support affordable housing goals.
The proposed ordinance does not modify the surcharge tax approved in 2024 or the hotel/motel tax. Instead, it adds the role of "facilitator" to the ordinance to reflect the administrative structure commonly used by short-term rental operators.
Timing Considerations
If adopted, the revised ordinance would be in full force after its passage, approval, and publication....
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