Bill > S4955

This bill updates the minimum amounts of hotel and motel occupancy fees that must be allocated to specific state agencies for cultural projects, historical preservation, and tourism promotion, extending these minimums through Fiscal Year 2026 and establishing them for Fiscal Year 2027 and beyond. It also modifies the "poison pill" provision, which is a mechanism designed to prevent the diversion of these funds; if the required minimum allocations are not met in the annual budget, the bill mandates that the hotel and motel occupancy fee will no longer be collected. The bill clarifies that these updated allocation requirements apply to fees collected starting in State Fiscal Year 2027, with specific minimum dollar amounts set for the New Jersey State Council on the Arts, the New Jersey Historical Commission, the Division of Travel and Tourism, and the New Jersey Cultural Trust.

Budget and Finance

https://www.njleg.state.nj.us/bill-search/2024/S4955