Fiscal Note

SB0127 - Tourism Marketing Performance Restricted Special Revenue Fund

State Impact:
Enactment of this bill will not require additional appropriations. However, approximately $3,000,000 of sales tax revenue currently earmarked and set aside for the Tourism Marketing Performance Account will be transferred to the new Tourism Marketing Performance Fund. This transfer does not affect FY 2007 or FY 2008 revenues, but will reduce the FY 2007 and FY 2008 spending caps by the amount of the transfer. Future growth in the fund, beyond this transfer, will not be subject to the spending caps.

Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals, businesses, or local governments.