|Date Requested:February 23, 2005
Time Requested:10:35 AM
| FUND(S) |
Sources of Revenue
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
|A six percent increase in the hotel/motel tax would bring an increase for municipalities in the amount of $4,398,846. This amount was calculated by using current amounts budgeted for municipalities and increasing to 6 percent. The breakdown is as follows: Class I&II - $3,069,000 Class III - 1,013,450, and Class IV - 316,396. I have e-mailed a copy of the breakdown of these numbers to Neva Maynor.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||4,398,846||0|
3. Explanation of above estimates (including long-range effect):
I have e-mailed a copy of the calculation of this amount to Neva Maynor.