SCS/HCS/HB 1620 - This act modifies the procedure by which funds are computed for the Division of Tourism Supplemental Fund. The current funding formula utilizes sales tax on tourist- oriented goods.

The proposed formula would deposit general revenue moneys into the fund after a calculation the sum of last year's appropriation to the fund plus the current year's amount collected for tourist-oriented goods and services within the state sales tax, School District Trust Fund sales tax, Conservation tax and the Soil and Water/State Parks tax.

The moneys actually transferred in a given year would represent one-half of the amount that the collections in the fiscal year three years ago exceeded three percent of the collections in the fiscal year four years ago, but not to exceed $3 million.

The fund is scheduled to sunset in June 2010.
DENISE GARNIER