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Senate increases investment thresholds for resort tourism rebate program
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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