CT HB07307

Increases hotel occupancy tax deposit to Tourism Fund from 10% to 25% of revenues for calendar quarters ending on or after September 30, 2019

Establishes Tourism Fund as a separate, nonlapsing fund with revenues allocated 40% for arts and culture and 60% for tourism, effective upon passage

Modifies sales and excise tax rates and fund allocations for various categories including luxury vehicles, jewelry, and clothing items priced above specified thresholds at 7.75% tax rate

Redirects increasing percentages of motor vehicle sales tax revenues to the Special Transportation Fund, reaching 100% allocation by July 1, 2022

Creates municipal revenue sharing account funded by 7.9% of general sales tax revenues beginning July 1, 2021; creates regional planning incentive account funded by hotel and short-term rental occupancy taxes beginning September 30, 2019