The House Committee on Tourism will hear an important bill related to amending the current property tax structure to require more from visitors while alleviating the high cost of living for residents.
HB 1586: Phases out the county allocation of transient accommodations tax revenues over a 3-year period. Implements new income tax brackets and rates over a 3-year period. Doubles the amount of the personal exemption. Places limitations on claims for itemized tax deductions. Submit testimony.