Reallocating existing lodging taxes for heritage and arts programs in a county with a population of one million or more.
Summary
Shifts hotel-motel tax revenues currently deposited in a permanent and irreducible arts and heritage program endowment fund into a special arts and heritage program account and allows its principal to be available for expenditure.
Directs all revenues from the hotel motel tax in King County to arts and heritage programs from the time the Kingdome bonds are retired through December 31, 2015.
Directs at least 37.5 percent of hotel-motel revenues in King County to arts and heritage programs beginning January 1, 2021.
Prohibits cities in King County from imposing the hotel-motel tax.
From the House Bill Report (SB 6638), written by the Legislature's nonpartisan staff. Read the full report ↗
AN ACT Relating to reallocation of existing lodging taxes for support of heritage and arts programs in a county with a population of one million or more;