HB 2018

RELATING TO TAXATION

By Representative(s) SAY

Keywords: GENERAL EXCISE TAX, INCOME TAX, PUBLIC UTILITIES, TAXATION, TOURISM, TRANSIENT ACCOMMODATIONS TAX

Report Title: Improvement Tax Credit

Description: Specifies the amount of tax credits that are allowed for qualified improvement costs for property designated primarily for resort or hotel use by the counties, or property in which the primary purpose is for hotel or resort use or commercial or recreational use to support or service a hotel or resort use. Repeals the transient accommodations tax credit for qualified improvement costs. Requires the director of taxation to develop procedures for the distribution and share of the tax credits.

 1-21-00        H Introduced and passed First Reading                      
 1-24-00        H Referred to the committee on FIN, referral sheet 4