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Relating to the use of certain tax revenue by certain municipalities to the entitlement of certain municipalities to certain tax revenue related to a hotel and convention center project.
Estimated two-year net impact to general revenue related funds for HB 4103, Committee Report 2nd House, substituted: an impact of $0 through the biennium ending August 31, 2023. the fiscal impact becomes negative beginning in fiscal year 2025.
HB 4103 would expand use of the the Hotel Occupancy Tax by allowing more bracketed communities to use the tax for economic development purposes.
HB 4103 violates our principles of limited government, individual liberty, and free markets because the hotel occupancy tax distorts the free market by favoring certain businesses over others, raises prices on consumers, and encourages government spending. Economic development activities should be conducted by the businesses which will benefit from increased patronage as a result of the economic development, not by the government at taxpayer expense. For these reasons, we oppose HB 4103.
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