To promote jobs and economic growth in tourism, visitation and hospitality
If enacted, S1780 would amend Section 13T of Chapter 23A, impacting state laws related to the financial contributions of the tourism and hospitality sectors. By increasing the revenue share from room occupancy excise, the bill anticipates providing more funding for programs and initiatives that enhance tourism and hospitality, ultimately aiming to stimulate local economies. This change could lead to increased employment opportunities and invigorated businesses that thrive on tourism-related activities.
Senate Bill S1780, titled 'An Act to promote jobs and economic growth in tourism, visitation and hospitality,' aims to enhance the economic prospects of Massachusetts' tourism and hospitality sectors. This is accomplished by proposing amendments to existing legislation that governs state revenue from room occupancy excise. The bill suggests that an additional 1.5% of the state's room occupancy excise tax from the prior fiscal year be allocated to support initiatives within the tourism sector. This allocation intends to bolster job creation and economic growth across the affected industries.
While proponents of S1780 argue that the bill promotes essential economic growth and job creation within the state, there may be opposition concerning the fairness of increasing excise taxes on occupancy, which can affect pricing. Opponents might argue that such measures could deter visitors due to increased costs associated with lodging. This bill highlights the ongoing discussion around the balance between fostering local economic development and maintaining competitive pricing within the hospitality market, posing notable points of contention among stakeholders.