No. SB 458
Filed under Local Government.
Tourist Development Tax; Revising the percentage of tourist development tax revenues that must be spent to promote and advertise tourism in order for any tourist development tax revenues to be used for a specified purpose, etc.
Plain English Summary
AI-GENERATEDCurrent law requires a high-tourism-impact county to spend at least 40 percent of all its tourist development tax revenue on tourism promotion and advertising, as one of three conditions for funding public facilities with that revenue.
This bill cuts that minimum from 40 percent to 20 percent, making it easier for a county to meet the condition while directing more of its collections elsewhere.
The other two conditions, the 70 percent cost-share cap and the independent tourism-impact analysis, are left unchanged by this bill.
AILowers, from 40 percent to 20 percent, the minimum share of all tourist development tax revenue a county must spend on tourism promotion and advertising to qualify to fund public facilities with that revenue.