Optional Transfer of Funds from DMO to City
This bill would allow a destination marketing organization (DMO) to voluntarily return portions of unused revenue from the local hotel motel tax to the corresponding municipality. The municipality would be required to expend funds received from the DMO on tourism product development (TPD). This provision would be limited to municipalities levying the hotel motel tax pursuant to a specific authorizing paragraph.
Last Updated: 2/22/2022
Subject Area: Taxation
Resources: bill text
2/17/2022 - Assigned to Senate Committee