Replaces local transient guest taxes with a statewide transient guest tax and lowers the state income tax by one-tenth of one percent

HB 1538 replaces all local transient guest taxes (levied on hotel/motel stays) with a single statewide tax, effective January 1, 2027. It repeals existing county-level taxes (like the "Convention and Tourism Tax" up to 3% and "Sports Facility Maintenance Tax" up to 5.5%) that currently fund local tourism and sports initiatives. The bill directly affects counties that currently impose these local taxes, hotels/motels collecting them, and local tourism funds relying on the revenue. The statewide tax will replace all local transient guest taxes, with the new system taking effect after the current local taxes expire on December 31, 2026. The bill does not detail the specified 0.1% income tax reduction in the provided text.