SB 1748 Summary

• Amends tourist development tax, tourist impact tax, transient rentals tax, and convention development tax statutes to define "consideration" and "rental" as amounts received by persons operating transient accommodations, excluding payments to unrelated third parties for reservation booking services.

• Requires persons operating transient accommodations or accommodation owners to separately state taxes from rental charges on receipts, invoices, or documentation, while unrelated reservation booking facilitators must only disclose all taxes on final documentation provided to customers.

• Authorizes the Department of Revenue to compensate county governments up to 10 percent of collected taxes and penalties related to transient rentals tax compliance, and $100 per noncompliant taxpayer identified and registered.

• Updates the municipal resort tax statute (chapter 67-930) to include comparable definitions of "rent" and "person operating transient accommodations," and requires separate tax statements on rental documentation with exceptions for unrelated reservation facilitators.

• Applies prospectively effective July 1, 2012, and does not affect existing lawsuits related to the amended tax provisions.