AN ACT AUTHORIZING MUNICIPALITIES TO IMPOSE CERTAIN EXCISE TAXES.

SB 229 authorizes local governments (cities or towns) to impose specific local taxes on certain businesses. It allows municipalities to levy up to a 1% tax on hotel, bed & breakfast, or lodging rental income; up to a 3% tax on event venue rental fees; and up to a 1% tax on restaurant meal and beverage sales. These taxes would be collected directly by the affected businesses - hotels, event venues, and restaurants - and are optional for local governments to implement. The bill does not require any municipality to impose these taxes but provides the legal authority for them to do so if they choose.