HB 2045 Summary

• Imposes an additional 16.5% transaction privilege tax on online lodging marketplace operators who are registered with the Department of Revenue under section 42-5005, subsection L.

• Directs all revenues collected from this additional tax increment to be deposited into the Housing Trust Fund established by section 41-3955.

• Requires the Department of Revenue to separately account for revenues collected under this provision and the State Treasurer to distribute them to the housing trust fund.

• Amends the Housing Trust Fund statute to include monies distributed pursuant to section 42-5010.02 as a source of funding for low and moderate-income housing projects and housing affordability programs.

• Requires a two-thirds affirmative vote of both houses of the legislature for enactment and takes effect immediately upon the Governor's signature or upon a three-fourths vote override of a gubernatorial veto.