Transient occupancy tax; eligible historic lodging properties.

Authorizes a qualified county to impose, after holding a public hearing, an additional transient occupancy tax not to exceed five percent of the amount of the charge for the occupancy of any room or space occupied at eligible historic lodging properties. An eligible historic lodging property is defined as a structure that (i) contains 450 or more rooms for overnight lodging, (ii) is located on land exceeding 700 acres, and (iii) at least a portion of which was built prior to 1930. A qualified county is one in which at least 40 percent of employment is in accommodations and food services. Any revenue generated by the tax would be used by the local government to incentivize other entities to invest in substantial rehabilitation, renovation, and expansion projects at eligible historic lodging properties.