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Bill > S1349
NJ S1349
NJ S1349Allocates all revenue from hotel and motel occupancy fee for arts, historical heritage, and tourism purposes.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill increases the allocation of revenues from the hotel and motel occupancy fee towards arts, historical heritage, and tourism purposes from 40 percent to 100 percent, beginning in State Fiscal Year 2023. Under current law, the allocation of 40 percent of hotel and motel occupancy fee revenue is as follows: 1) 22.68 percent to the New Jersey State Council on the Arts for cultural projects as long as the actual dollar amount allocated is at least $31.9 million; 2) 3.84 percent to the New Jersey Historical commission for historical heritage purposes, as long as at least $5.5 million is allocated; 3) 12.76 percent to the Division of Travel and Tourism in the Department of State for tourism as long as at least $17.6 million is allocated; and 4) 0.72 percent to the New Jersey Cultural Trust as long as the amount is not less than $720,000. Under this bill, 100 percent of the hotel and motel occupancy fee revenues would allocated as follows: 1) 56.7 percent would go to the New Jersey State Council on the Arts for cultural projects as long as the actual dollar amount allocated is at least $31.9 million; 2) 9.6 percent would go to the New Jersey Historical commission for historical heritage purposes, as long as at least $5.5 million is allocated; 3) 31.9 percent would go to the Division of Travel and Tourism in the Department of State for tourism as long as at least $17.6 million is allocated; and 4) 1.8 percent would go to the New Jersey Cultural Trust as long as the amount is not less than $720,000.
AI Summary
This bill increases the allocation of revenues from the hotel and motel occupancy fee towards arts, historical heritage, and tourism purposes from 40 percent to 100 percent, beginning in State Fiscal Year 2023. The new allocation would be as follows: 56.7 percent to the New Jersey State Council on the Arts for cultural projects, 9.6 percent to the New Jersey Historical Commission for historical heritage purposes, 31.9 percent to the Division of Travel and Tourism for tourism advertising and promotion, and 1.8 percent to the New Jersey Cultural Trust. The bill ensures that the actual dollar amounts allocated to these entities are not less than specified minimums.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S1349 |
BillText | https://pub.njleg.gov/Bills/2024/S1500/1349_I1.HTM |
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