Relating to the state transient lodging tax; prescribing an effective date; and providing for revenue raising that requires approval by a three-fifths majority.
Catchline/Summary:
Increases state transient lodging tax rate to 1.8 percent for four years and then to 1.5 percent thereafter. Increases state transient lodging tax rate to 1.8 percent for four years and then to 1.5 percent thereafter.
Changes distribution of state transient lodging tax moneys appropriated to Oregon Tourism Commission to require spending of at least 65 percent to fund state tourism programs, 10 percent for competitive grant program for projects that may include tourism-related facilities and tourism-generating events, including sporting events, and 20 percent to implement regional cooperative tourism program. Broadens type of programs for which appropriated state transient lodging tax moneys may be spent from "tourism marketing programs" to "tourism programs." Requires commission to consider demonstrated return on investment, geographic equity and community support in funding state tourism programs and awarding competitive grants.
Directs Legislative Revenue Officer to lead legislative work group to study issues related to state transient lodging tax. Requires work group to submit report, which may include proposals for legislation, to interim committees of Legislative Assembly related to revenue no later than December 9, 2016.
Directs Oregon Tourism Commission to submit annual report to Legislative Fiscal Officer identifying funds received pursuant to increase by Act of] state transient lodging tax rate] and awards and commitments approved by commission. Authorizes Legislative Fiscal Officer to request additional information with respect to grants of $2 million or more made by commission from certain funds appropriated to commission.
Takes effect on 91st day following adjournment sine die.
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