Bill > H0585

This bill amends Florida's tourist development tax law to allow counties that impose the tax to use the revenue for additional purposes, such as acquiring, constructing, or financing public facilities that are needed to increase tourist-related business activities in the county, as long as certain conditions are met. Specifically, the county must have received at least $10 million in tourist development tax revenue in the previous fiscal year, the county governing board must approve the use of the funds by a two-thirds vote, no more than 70% of the cost of the public facilities can be paid for with the tax revenue, and an independent analysis must demonstrate the positive impact of the infrastructure project on tourist-related businesses in the county.

Budget and Finance, Business and Industry, Health and Social Services

Commerce Committee (H)

http://www.flsenate.gov/Session/Bill/2018/585