No. SB 456
Filed under Local Government.
Tourist Development Tax; Authorizing the use of proceeds from the tourist development tax to fund public safety improvements, affordable housing, and workforce housing, etc.
Plain English Summary
AI-GENERATEDThis bill adds three new purposes for which a high-tourism-impact county may spend tourist development tax revenue: public safety improvements, affordable housing construction, and workforce housing construction.
Public safety spending is allowed only if the improvements are necessary to increase tourist-related business activity in the county or a subcounty special taxing district.
Affordable and workforce housing funding can cover land acquisition, land improvement, design and engineering, and other professional services needed to develop or construct the housing.
AILets a high-tourism-impact county spend tourist development tax revenue on public safety improvements, but only if those improvements are necessary to increase tourist-related business activity in the county or a subcounty special taxing district.
AILets a high-tourism-impact county spend tourist development tax revenue on developing and constructing affordable housing as defined in s. 420.0004(3).
AILets a high-tourism-impact county spend tourist development tax revenue on developing and constructing workforce housing as defined in s. 420.5095(3).