HB 27 Summary

• Requires owners of transient accommodations with at least a specified number of separate units to establish evacuation plans and construct on-site disaster shelters for guests during civil defense emergencies.

• Mandates that disaster shelters be certified by the department of defense and capable of holding at least 65% of the maximum occupancy level of the transient accommodations.

• Creates a tax credit for eligible transient accommodation owners equal to a specified percentage of qualifying costs incurred to construct disaster shelters.

• Allows unused tax credits to be carried forward to subsequent taxable years until exhausted, with tax credit claims required to be filed within 12 months following the close of the taxable year.

• Effective upon approval, with the tax credit provision applicable to taxable years beginning after December 31, 2008.