2005 Senate Bill 118

Revise convention facility development fund distributions

Introduced in the Senate

Feb. 1, 2005

Introduced by Sen. Shirley Johnson (R-13)

To revise the distribution of excise taxes collected for the state convention facility development fund, including hotel taxes levied in the southeastern Michigan counties to pay Cobo Hall bonds. The bill requires collections over and above the amount needed to service existing bonds to be returned on a pro-rata basis to the counties in which the tax is levied, to be used to promote tourism in those counties.

Referred to the Committee on Finance