COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 1445-01
Bill No.: SB 365
Subject: Tourism: Transient Tax
Type: Original
Date: February 9, 2001
FISCAL SUMMARY
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Local Government | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials of the Department of Revenue and the Department of Economic Development - Division of Tourism, stated that this proposal would have no administrative or fiscal impact to their departments.
Officials of the City of Cuba stated that the transient tax would generate approximately $22,000 annually.
Oversight assumes this proposal is enabling legislation and would have no state or local fiscal impact. Local government would have no fiscal impact without voter approval. Oversight will show fiscal impact as $0
| FISCAL IMPACT - State Government | FY 2002
(10 Mo.) |
FY 2003 | FY 2004 |
| $0 | $0 | $0 |
| FISCAL IMPACT - Local Government | FY 2002
(10 Mo.) |
FY 2003 | FY 2004 |
| $0 | $0 | $0 |
FISCAL IMPACT - Small Business
If this proposal would be adopted by the voters, small businesses of the hotel/motel industry and businesses that rent boat slips for recreational boating could be expected to be fiscally impacted to the extent that they would incur additional administrative duties and costs related to collection of the transient tax.
DESCRIPTION
This bill authorizes the City of Cuba to levy a tourism tax on charges for hotel and motel rooms and docking facilities which rent slips for recreational boating. The levy must be at least 2% ,but not more than 5%, and must be approved by the voters of the city.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.
SOURCES OF INFORMATION
Department of Revenue
Department of Economic Development - Division of Tourism
City of Cuba
Jeanne Jarrett, CPA
Director
February 9, 2001