House Bill 1136
| || |
DIGEST OF INTRODUCED BILL
Tourism. Authorizes the office of tourism development to enter into an agreement for an annual sales tax rebate with the operator of a new tourism attraction (operator). Requires the operator to incur qualified costs of at least $5,000,000 in the development of the tourism attraction. Provides that a person may not claim a rebate in more than 10 calendar years. Provides that an annual rebate is the lesser of: (1) 25% of the total amount of sales taxes remitted by all retail merchants at the tourism attraction in the preceding calendar year; or (2) 2.5% of the operator's qualified costs. Establishes procedures for claiming rebates. Appropriates money to the department of state revenue for the payment of rebates.
>Latest Printing > (PDF)
| ||In Committee - first House|