HB 2744

Abstract

Amends definition of "tourism-related facility" to include improvements to real property that have substantial purpose of supporting, promoting or accommodating tourism or tourist activities. Provides that local governments may not decrease percentage of grandfathered local transient lodging tax revenues actually expended to fund tourism promotion or tourism-related facilities below percentage actually expended as of July 2, 2003. Removes requirement that local governments that agreed on or before July 1, 2003, to increase percentage of local transient lodging tax revenues expended to fund tourism promotion or tourism-related facilities must increase percentage as agreed. Authorizes costs of maintenance of tourism-related facilities as permissible expenditure for new or increased local transient lodging tax. Takes effect on 91st day following adjournment sine die.