CT HB05483

Increases the sales tax rate on hotel and lodging house occupancy from 12 percent to 15 percent, effective January 1, 2011, for stays not exceeding thirty consecutive calendar days.

Requires the Commissioner of Revenue Services to segregate 20 percent of revenues collected from hotel occupancy taxes and allocate one-third to the municipality where the hotel is located.

Deposits two-thirds of segregated hotel tax revenues into a new "regional hotel tax account" for distribution to regional planning organizations on a pro rata basis by population.

Directs regional planning organizations to use distributed funds to promote property tax relief through regionalism initiatives, including regional economic development and educational cooperative programs.

Establishes the regional hotel tax account as a separate, nonlapsing account within the General Fund under management of the Office of Policy and Management.