Bill > SB63

This bill modifies how the budget for the division of travel and tourism is calculated by adjusting the revenue from the meals and rooms tax, which is a tax on lodging and prepared food. Specifically, it changes the existing law (RSA 12-O:11-b) to ensure the division's budget, including the travel and tourism development fund, is funded at an amount no less than 3.15 percent of the net income identified by RSA 78-A:26, I, and also includes income identified under RSA 78-A:26, III. This means that a portion of the meals and rooms tax revenue that was previously excluded from this calculation, specifically the income identified under RSA 78-A:26, III, will now be added back to determine the funding for the division. The bill is set to take effect 60 days after its passage.

Budget and Finance

https://gc.nh.gov/bill_Status/billinfo.aspx?id=1032&inflect=2