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Senate increases investment thresholds for resort tourism rebate program

2252391 · February 7, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

A committee substitute to raise qualifying investment thresholds for a tourism rebate program and reduce the allowable share of private investment that can be spent on retail passed the Senate by morning roll call.

The Senate approved a committee substitute Monday that raises the private-investment thresholds to qualify for a state tourism rebate program aimed at hotels and resort developments.

Senator Johnson told the chamber the substitute increases required private investment amounts and added a reverse repeal. He described the definition of “resort development” as a travel-destination project…

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