HB75:

Localities; restricts authority to impose transient occupancy tax at rate that exceeds five percent.

Bill Summary:

Local taxing authority. Restricts localities
from imposing a transient occupancy tax at a rate that exceeds five
percent and provides that any tax revenues from a rate of greater
than two percent but less than five percent shall be spent solely
for tourism-related and travel-related purposes. The bill also lowers
the amount of food and beverage tax that counties can impose from
six percent to a total of four percent. Under the bill, a county is
able to impose a food and beverage tax at up to two percent without
restriction, but that would require approval via a referendum in
order to impose the tax at four percent.