HB2011 Summary

• Increases the revenue threshold for deposits into the tax administration special fund from $700,000 to $1,000,000 annually from special enforcement section revenues.

• Requires any revenues collected by the special enforcement section exceeding $1,000,000 to be deposited into the general fund rather than the special fund.

• Allocates the first $300,000 of the $1,000,000 deposited into the special fund to a separate account dedicated exclusively to enforcing chapter 237D (transient accommodations tax).

• Designates that the $300,000 separate account funds shall be used solely for operations of the special enforcement section related to transient accommodations tax enforcement.

• Takes effect on July 1, 2050.