Bill > H3031

This bill amends Section 13T of Chapter 23A in Massachusetts to allocate an additional 2.5% of the state's room occupancy excise tax revenue from the previous fiscal year to the Massachusetts Tourism Trust Fund. Room occupancy excise tax is a tax levied on hotel and lodging accommodations, and this bill aims to provide more funding for tourism-related initiatives and economic development in the hospitality sector. By directing a small percentage of existing room tax revenue specifically to the Tourism Trust Fund, the legislation seeks to support and promote jobs and economic growth in the tourism and visitation industries within the state. The bill appears to be a straightforward mechanism to increase financial resources for tourism development by using a portion of the existing room tax revenue.

Budget and Finance

https://malegislature.gov/Bills/194/H3031