Authorizes the Shreveport-Bossier Convention and Tourist Bureau to levy an additional hotel occupancy tax within the jurisdiction of the bureau (OR +$2,845,228 LF RV See Note)
Impact
The proceeds from the increased tax will be utilized for significant purposes, including capital improvements, repairs, and maintenance of Independence Stadium, as well as development projects in both downtown Shreveport and Bossier City. The bill mandates that a portion of the tax revenue must be allocated to the Shreveport-Bossier Sports Commission to enhance sporting activities that promote sports tourism, and it also provides funding for the Independence Bowl Foundation to facilitate the promotion of sporting events.
Summary
House Bill 179 authorizes the Shreveport-Bossier Convention and Tourist Bureau to increase the hotel occupancy tax within its jurisdiction from a maximum of 4.5% to 7%. This measure allows for an additional tax of up to 2.5%, contingent upon the approval from the respective municipal and parish governing authorities, such as the cities of Shreveport and Bossier City and the parishes of Caddo and Bossier. The increase in the hotel occupancy tax is designed to fund various community projects and support tourism in the area.
Sentiment
The reception of HB 179 appears to be primarily positive among proponents who see it as a valuable tool for enhancing local economic development through increased tourism revenue. Advocates argue that the tax increase is a strategic investment in the community that can yield long-term benefits. However, some concerns may arise pertaining to the additional financial burden on hotel operators, which could potentially be passed on to consumers, affecting the overall hospitality market.
Contention
The main points of contention surrounding HB 179 involve the potential implications for local governance and the balance of power between state authorities and local municipalities regarding tax levying powers. Critics may worry about the transparency and accountability in how tax proceeds will be managed and utilized. Additionally, the stipulated expiration date of June 30, 2033, on the tax authority indicates that future discussions and possible amendments may arise, keeping the door open for ongoing debate regarding tax regulations within the Shreveport-Bossier region.
Authorizes the Shreveport-Bossier Convention and Tourist Bureau to levy and collect an additional hotel occupancy tax within the jurisdiction of the bureau (EN +$2,380,700 LF RV See Note)
Provides relative to the hotel occupancy tax that the Shreveport-Bossier Convention and Tourist Bureau is authorized to levy (EN INCREASE LF RV See Note)
Authorizes the levy, collection, and distribution of an additional hotel and motel tax of one percent by the Southwest Louisiana Convention and Visitors Bureau. (gov sig)
Endorses the Louisiana State University Shreveport Commitment Plan, establishes the Louisiana State University Shreveport Commitment Plan Implementation Group, and requires semiannual reports on the progress of implementing the plan.
Endorses the Louisiana State University Shreveport Commitment Plan, establishes the Louisiana State University Shreveport Commitment Plan Implementation Group, and requires semiannual reports on the progress of implementing the plan.