No. SB 454
Filed under Local Government.
Tourist Development Taxes; Deleting a provision requiring that a specified percentage of all tourist development tax revenues be used to promote and advertise tourism, etc.
Plain English Summary
AI-GENERATEDCurrent law lets a high-tourism-impact county spend tourist development tax revenue on public facilities only if it meets three conditions together, including that at least 40 percent of all such tax revenue collected is spent promoting and advertising tourism.
This bill deletes that 40 percent promotion-spending condition, leaving only the 70 percent cost-share cap and the independent tourism-impact analysis as the tests a county must meet.
A county can now qualify to redirect tourist tax revenue toward public facility construction without separately guaranteeing that 40 percent of its collections still go to tourism advertising.
AIRemoves the requirement that at least 40 percent of all tourist development tax revenue collected in the county be spent on tourism promotion and advertising as one of the conditions for funding public facilities with that revenue.