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1 Department of Business and Economic Affairs; Division of Travel and Tourism Budget; Meals and Rooms Tax Revenue. Amend RSA 12-O:11-b to read as follows:
12-O:11-b Division of Travel and Tourism Budget; Meals and Rooms Tax Revenue. The budget of the division of travel and tourism, including the travel and tourism development fund established by RSA 12-O:16, shall be funded at an amount no less than 3.15 percent of the net income identified by RSA 78-A:26, I for the most recently completed fiscal year.
2 Effective Date. This act shall take effect 60 days after its passage.
Text to be added highlighted in green.
1 Department of Business and Economic Affairs; Division of Travel and Tourism Budget; Meals and Rooms Tax Revenue. Amend RSA 12-O:11-b to read as follows:
12-O:11-b Division of Travel and Tourism Budget; Meals and Rooms Tax Revenue. The budget of the division of travel and tourism, including the travel and tourism development fund established by RSA 12-O:16, shall be funded at an amount no less than 3.15 percent of the net income identified by RSA 78-A:26, I , plus the income identified underRSA 78-A:26, III, for the most recently completed fiscal year.
2 Effective Date. This act shall take effect 60 days after its passage.