HB1538--TAXATION
SPONSOR: Thompson
Thisbillmodifiesprovisionsrelatedtotaxation.
BeginningonJanuary1,2027,allcurrently-authorizedtransient
guesttaxeswillexpire.Anytransientguesttaxbeingcollected
atthelocallevelwillcease.
BeginningonJanuary1,2027,thetoprateofstateincometaxwill
bereducedby0.1%.
BeginningonJanuary1,2027,a5%transientguesttaxwillbe
imposedonallsalesorchargesatransientguestpaysforaroom
inahotelormotelinthestate.Ofthefundscollectedbythis
taxineachtransaction,1/5willbedepositedinthestate's
GeneralRevenueFund;2/5willbedepositedintothecounty
transientguesttaxfund;and2/5willbedepositedintothe
municipalitytransientguesttaxfund.Ifthehotelisnotwithin
amunicipality4/5willbedepositedintothecountytransient
guesttaxfund.
TheDirectoroftheDepartmentofRevenuewillkeeparecordof
whichfundswerecollectedineachcountyandmunicipalityand
distributemoneyinthecountytransientguesttaxfundand
municipalitytransientguesttaxfundnolaterthanthe10thdayof
eachmonth.Thosefundswillbedepositedwiththecounty'sor
municipality's treasurerandmustbeappropriatedbythegoverning
bodyofthecountyormunicipalitybeforetheymaybespent.
Thisbillsunsetssixyearsaftertheeffectivedate.