Bill No.: HB0151                  Drafter:  MQ

LSO No.:  07LSO-0518              Effective Date:  7/1/2007

Enrolled Act No.:  HEA0051

Chapter No.:       74

Prime Sponsor:     Representative Gingery

Catch Title:       Resort districts-sales and use tax.

Subject:  Authorizes the resort district sales and use tax to be increased from 1% to 3% and provides procedures to terminate the tax.

Summary/Major Elements:

· Authorizes the maximum resort district sales and use tax rate to be 3% (up from 1%).

· Provides that the tax may be terminated by a resolution to rescind the tax adopted by the board of the resort district.