|SB 1151||Expands purposes for which certain local tourism taxes can be used|
|LR Number:||4666S.03T||Fiscal Note:||4666-03|
|Committee:||Local Government and Economic Development|
|Last Action:||06/12/02 - Signed by Acting Governor||Journal page:|
|Title:||SCS SB 1151|
|Effective Date:||August 28, 2002|
SCS/SB 1151 - This act allows cities with a population of less than one thousand five hundred inhabitants which have a tourism tax on transient guests to transfer forty percent of tourism funds into the city's general revenue fund and to transfer thirty-five percent into the capital improvements fund, pursuant to voter approval of the same. Under current law, twenty-five percent of the funds must be used for tourism marketing and promotional purposes.
This act is similar to HB 1041.