Plain English Breakdown
Checked against official source text during the last sync.
Act for Allocating Meal Sales Tax
This act changes how an extra one percent sales tax on meals is used, directing it towards tourism, local municipalities, and free school lunches.
What This Bill Does
- Changes the use of a one percent additional sales tax on meals to allocate funds for specific purposes.
- Allocates fifty percent of the collected tax to the Tourism Fund.
- Gives twenty-five percent of the collected tax to the cities or towns where the meal was bought.
- Deposits twenty-five percent of the collected tax into the General Fund, which will be used specifically for free school lunches.
Who It Names or Affects
- People who buy meals and pay an additional one percent sales tax on them.
- Tourism-related businesses that benefit from funds in the Tourism Fund.
- Local municipalities receiving a portion of the collected tax.
- Schools providing free lunch programs funded by the General Fund.
Terms To Know
- Tourism Fund
- A fund used to support tourism-related activities and businesses in the state.
- General Fund
- The main fund of a government that is used for various public services, including education.
Limits and Unknowns
- Does not specify how much money will be collected or distributed.
- Does not detail the exact impact on tourism or local municipalities.
- Does not provide information about future changes to the tax rate or allocation methods.