It is likely that income from collection fees will offset costs, although the amount of revenue is unknown. The number of counties that would impose an Advertising and Tourism sales tax and the rate at which the tax would be imposed is unknown, therefore, annual income and expense cannot be estimated and are unknown. Oversight assumes that costs would not exceed income and would have a total net effect of zero or a positive fund balance. Oversight assumes that cost would not exceed income resulting in either a zero or a positive fund balance. This act authorizes the governing body of any county with less than 50,000 residents to propose a vote on the imposition of a tourism sales tax.
Revenue generated by the tax is to be used for advertising and tourism promotion.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.