NEIGHBORHOOD CONCERT TAX

Session: 103rd General Assembly
Year: 2024
Bill #: HB4951
Category: Revenue
Position: Under Review
Mandate?
Revenue Loss?
Authority Preemption?

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Creates the Neighborhood Concert Tax Act. Provides for a 2% tax on admission tickets to organized for-profit concerts in public parks. Establishes the Neighborhood Concert Tax Fund to be a repository for the tax proceeds. Provides for disbursement of 100% of the proceeds to the park district that hosted the concert to subsidize programs of the park district that ordinarily require a fee for participation. Defines terms. Makes corresponding additions to the State Finance Act. Effective immediately.



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