Vote Smart's Synopsis:

Vote to pass a bill that increases the tax on rent received for occupancy of any room or rooms in a hotel or lodging house from 12 percent to 15 percent beginning January 1, 2011.

Highlights:

-Requires the Commissioner of Revenue Services to appropriate 20 percent of the revenue derived from the tax on rent received for occupancy of any room or rooms in a hotel or lodging house and allocate as follows (Sec. 2): -1/3 for the municipality in which the hotel or lodging house paying the tax is located; and -2/3 for the regional hotel tax account established by this Act, which shall be distributed by the Office of Policy and Management on a pro rata basis to regional planning organizations to promote property tax reductions through regionalism initiatives, including, but not limited to, regional economic development and educational cooperative programs and agreements.

Full Bill Text