Bill

Bill > A3051


NJ A3051

NJ A3051
Allocates all revenue from hotel and motel occupancy fee for arts, historical heritage, and tourism purposes.


summary

Introduced
01/09/2024
In Committee
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. 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. The bill specifies the new allocation percentages, with 56.7% going to the New Jersey State Council on the Arts for cultural projects, 9.6% to the New Jersey Historical Commission for historical heritage purposes, 31.9% to the Division of Travel and Tourism for tourism advertising and promotion, and 1.8% to the New Jersey Cultural Trust. The bill also includes provisions related to the collection and administration of the fee, as well as requirements for annual appropriations to meet the new allocation percentages.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Introduced, Referred to Assembly Tourism, Gaming and the Arts Committee (on 01/09/2024)

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