Bill > HB4148

This bill modifies existing law regarding local transient lodging taxes, which are taxes imposed by local governments on temporary stays in places like hotels. Specifically, it allows local governments to use a portion of these tax revenues for "resiliency grants" for small businesses in the restaurant and lodging industry, and also permits the use of these funds for city or county services, including emergency services, whether provided directly or by a special district. The bill also adjusts the percentage of net revenue that must be used for tourism promotion or facilities, lowering it from 70% to 50%, and increasing the amount that can be used for city or county services to 50%. Furthermore, it introduces new reporting requirements for local governments and other entities that receive these tax revenues, mandating biennial reports detailing how the funds are used, and requires the Legislative Revenue Officer to study the allocation of these taxes and report findings to the legislature. These changes are set to become effective on January 1, 2027, and will apply to revenue collected before, on, or after that date.