The bill amends the existing law regarding occupancy taxes levied by the St. Tammany Parish Tourist and Convention Commission. Specifically, it increases the maximum occupancy tax rate from three percent to four percent for hotel rooms, motel rooms, and overnight camping facilities within the commission's jurisdiction. This change is reflected in the amendment of R.S. 33:4574.1.1(A)(29).

Additionally, the bill introduces a new provision under R.S. 33:4574.1.1(T), which mandates that one-quarter of the revenue collected from the occupancy tax exceeding three percent must be allocated to the St. Tammany Parish Development District. These funds are designated for business development, attraction, and economic marketing initiatives aimed at promoting St. Tammany Parish as a prime destination for tourism and investment.

Statutes affected:
SB43 Original: 33:1(M)
SB43 Engrossed: 33:1(A)(29)
SB43 Enrolled: 33:1(A)(29)
SB43 Act : 33:1(A)(29)