This bill amends section 125.0104 of the Florida Statutes, which governs the tourist development tax. The key change introduced by the bill is the stipulation that at least 40 percent of all tourist development tax revenues collected in a county, up to a total of $50 million annually, must be spent to promote and advertise tourism. This requirement is aimed at ensuring that a significant portion of the tax revenues is dedicated to tourism promotion, which is essential for attracting visitors and supporting the local economy.

The bill also outlines the authorized uses of the tourist development tax revenues, which include funding for public facilities, convention centers, and beach park facilities, among others. It emphasizes that any expenditures for activities or events must primarily aim to attract tourists. The act is set to take effect on July 1, 2025, reinforcing the commitment to enhancing tourism through strategic financial allocations.

Statutes affected:
S 1114 Filed: 125.0104