The bill amends R.S. 33:4574.1.1(A)(29) to increase the occupancy tax rate levied by the St. Tammany Parish Tourist and Convention Commission from three percent to four percent. Additionally, it enacts a new provision, R.S. 33:4574.1.1(T), which mandates that one-quarter of the revenues collected from this increased tax rate—specifically, any amount over three percent—be allocated to the St. Tammany Parish Development District.

The funds provided to the Development District are intended to support various initiatives, including business development, attraction, and economic marketing programs that promote St. Tammany Parish as a desirable destination for tourism and investment. This legislative change aims to enhance the economic growth and appeal of the region.

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)