Bill > S1114

This bill modifies the Tourist Development Tax law to adjust how counties can spend tax revenues collected from tourism-related taxes. Specifically, the bill introduces a new condition that counties can only use tourist development tax revenues for certain public facilities and infrastructure projects if they spend at least 40% of their annual tourist development tax revenues (up to $50 million) on promoting and advertising tourism. The tax revenues can currently be used for various purposes such as constructing and maintaining public facilities like convention centers, sports stadiums, aquariums, museums, promoting tourism, funding tourist bureaus, and supporting beach and shoreline preservation. The new requirement ensures that a significant portion of the tax revenues continues to directly support tourism promotion, while still allowing flexibility for counties to invest in infrastructure that could attract more tourists. The changes will take effect on July 1, 2025, giving counties time to adjust their budgeting and planning processes to comply with the new spending requirement.

https://www.flsenate.gov/Session/Bill/2025/1114