Florida Bill Could Redirect Tourist Tax Revenue
Florida Bill Could Redirect Tourist Tax Revenue

Florida Bill Could Redirect Tourist Tax Revenue

News summary

Florida lawmakers are advancing a controversial bill (HB 7033/HB 1221) to overhaul the use of the state's Tourist Development Tax (TDT), currently designated for tourism marketing, infrastructure, and cultural programs. The legislation would let counties redirect TDT funds for general purposes, such as property tax relief, and allow them to eliminate or create new local taxes. Supporters say the changes would increase local control and affordability for residents, while critics warn that diverting TDT funds could harm tourism marketing, local economies, and jobs. The bill requires property tax rates to be cut by the amount of surplus TDT revenue, though experts note this would not increase municipal revenue. Some counties, like Brevard, have already expanded flexibility for using TDT funds to support cultural initiatives. The final outcome remains uncertain as political negotiations continue, with major consequences for Florida's tourism-driven communities.

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