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House Bill 1136


 

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House Bill 1136

ARCHIVE (2008)

Latest Information

 
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.
Current Status:
 In Committee - first House
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