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Committee restores tourism funding formula; tourism bill moved out on consent
Summary
Senate Bill 63 would change how the rooms and meals (meals and rentals) tax is calculated to restore a 3.15% allocation to the Division of Travel and Tourism Development before other transfers; the committee voted the bill out and placed it on consent.
Senate Bill 63 returned the Division of Travel and Tourism Development’s funding calculation to its prior treatment by allocating the division’s 3.15% share before transfers to the municipal revenue fund, a change supporters said is necessary to preserve tourism marketing budgets.
Sen. Tim Lang, prime sponsor, told the Ways and Means Committee the earlier statutory change that created the municipal revenue fund altered the base used to calculate the tourism allocation and significantly reduced marketing funds. “When we created that municipal revenue fund, we adjusted the…
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