Bill > S0458

This bill modifies Florida's Tourist Development Tax law by reducing the percentage of tourist development tax revenues that must be spent on promoting and advertising tourism from 40% to 20%. This change affects how counties can use tax revenues collected from tourists, specifically in relation to funding public facilities. Under the current law, counties can use tourist development tax revenues for various purposes like supporting convention centers, promoting tourism, funding beach improvements, and developing public infrastructure. The bill maintains the requirement that any expenditure must have attracting tourists as a primary purpose, but lowers the mandatory tourism promotion spending threshold. This adjustment could potentially provide counties with more flexibility in allocating tourist tax revenues, particularly for infrastructure projects that are intended to support tourist-related businesses. The bill is set to take effect on July 1, 2026, giving local governments advance notice of the upcoming change in tax revenue allocation rules.

https://www.flsenate.gov/Session/Bill/2026/458