HB 1467 - Convention Development Taxes

• Increases the charter county convention development tax rate from 3 percent to an optional 4 percent of transient rental accommodation charges.

• Allocates the additional revenue from a 4 percent levy: one-half for extending/enlarging/expanding the largest existing publicly owned convention center; one-fourth for constructing new multipurpose convention/coliseum/exhibition centers; and one-fourth for maintaining/operating the largest existing convention center and pledging proceeds for bonds.

• Requires counties to notify municipalities and designate authorities to approve facility concepts, locations, programs, and designs before enacting or increasing the levy.

• Makes technical and grammatical corrections to section 212.0305, Florida Statutes, including clarifying language about tax application, administration, and collection procedures.

• Effective date: July 1, 2011.