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- Subject Index: Since 1995
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2011 SESSION
SB 1193 Tourism zones; tax revenues for tourism projects.
Introduced by: Thomas K. Norment, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Tourism zones; tax revenues for tourism projects. Entitles certain tourism projects to a percentage of the state and local sales tax revenues generated on the premises of the project, to be used towards debt service to bridge the gap between available debt and equity and the expected costs of the project. In order to qualify for the entitlement, the project must have at least 80 percent of the funding for the project in place. If a locality passes an ordinance adopting a tourism plan and identifies by ordinance a tourism project that meets a deficiency in the plan, and the State Comptroller certifies the project, then the project is entitled to one percent of the state sales tax generated on the premises of the project. The locality must also provide, by ordinance, one percent of the local sales generated on the premises, and the tourism project must provide a match for the one percent state sales tax revenue. This bill is identical to HB 2285.
FULL TEXT
- 01/12/11 Senate: Prefiled and ordered printed; offered 01/12/11 11102654D pdf | impact statement
- 02/02/11 Senate: Committee substitute printed 11104679D-S1 pdf | impact statement
- 02/21/11 Senate: Bill text as passed Senate and House (SB1193ER) pdf | impact statement
- 03/26/11 Governor: Acts of Assembly Chapter text (CHAP0646) pdf
HISTORY
- 01/12/11 Senate: Prefiled and ordered printed; offered 01/12/11 11102654D
- 01/12/11 Senate: Referred to Committee on Finance
- 02/02/11 Senate: Reported from Finance with substitute (14-Y 0-N)
- 02/02/11 Senate: Committee substitute printed 11104679D-S1
- 02/03/11 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/04/11 Senate: Read second time
- 02/04/11 Senate: Reading of substitute waived
- 02/04/11 Senate: Committee substitute agreed to 11104679D-S1
- 02/04/11 Senate: Engrossed by Senate - committee substitute SB1193S1
- 02/07/11 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/07/11 Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N)
- 02/07/11 Senate: Passed Senate (40-Y 0-N)
- 02/09/11 House: Placed on Calendar
- 02/09/11 House: Read first time
- 02/09/11 House: Referred to Committee on Finance
- 02/14/11 House: Reported from Finance (18-Y 4-N)
- 02/15/11 House: Read second time
- 02/16/11 House: Read third time
- 02/16/11 House: Passed House (60-Y 36-N)
- 02/16/11 House: VOTE: PASSAGE (60-Y 36-N)
- 02/21/11 Senate: Enrolled
- 02/21/11 Senate: Bill text as passed Senate and House (SB1193ER)
- 02/21/11 House: Signed by Speaker
- 02/22/11 Senate: Signed by President
- 03/26/11 Governor: Approved by Governor-Chapter 646 (effective 7/1/11)
- 03/26/11 Governor: Acts of Assembly Chapter text (CHAP0646)