Reduces and clarifies requirements for municipal tourist development commission disbursements for advertising.

This bill reduces the required percentage of funds that municipal tourist development commissions must spend on advertising outside their municipality from 50% to 20%. It directly affects these commissions across New Jersey, which manage tourism promotion funds for their communities. The bill clarifies that "advertising outside the municipality" includes any ads targeting people who work or live outside the town (even if the ad also reaches locals), as long as it encourages them to visit local tourist spots. The change simplifies compliance while ensuring a minimum portion of funds is used for out-of-town marketing. The bill takes effect immediately upon enactment.