Bill > H4002

This bill aims to promote economic development in the Commonwealth by allowing the creation of "Tourism Destination Marketing Districts" (TDMDs). The key provisions of the bill are: 1. TDMDs can be formed at the request of a majority of lodging business owners within a proposed geographic area, with the approval of the local municipal governing body. The TDMD plan must outline the supplemental services, budget, and special assessment structure. 2. TDMDs will be managed by a designated management entity, typically a regional tourism council, and a TDMD committee composed primarily of lodging business owners. 3. Lodging businesses within the TDMD will be subject to a special assessment, up to 3% of the rent taxable under the state's hotel/motel tax, to fund the supplemental services and programs outlined in the TDMD plan. 4. TDMDs can be renewed every 5 years by a majority vote of the participating lodging business owners, or dissolved through a petition and public hearing process. 5. The bill provides details on the TDMD formation and amendment process, as well as provisions for auditing, enforcement, and dissolution of the TDMDs.

Budget and Finance

https://malegislature.gov/Bills/190/H4002