Kentucky HB832 amends the transient room tax to include a 1% surtax on transient accommodations, with proceeds funding the affordable housing trust.

Kentucky HB832 modifies the transient room tax by imposing a 1% surtax on the rent charged by entities facilitating the rental of accommodations for transients. This surtax applies to rentals shorter than 30 days. The tax and surtax revenues are directed to the tourism, meeting, and convention marketing fund and the affordable housing trust fund, respectively. The fund supports marketing and promoting tourism, excluding capital construction projects, and provides resources for affordable housing activities.

Kentucky HB832 amends the transient room tax to include a 1% surtax on transient accommodations, with proceeds funding the affordable housing trust.

Kentucky HB832 modifies the transient room tax by imposing a 1% surtax on the rent charged by entities facilitating the rental of accommodations for transients. This surtax applies to rentals shorter than 30 days. The tax and surtax revenues are directed to the tourism, meeting, and convention marketing fund and the affordable housing trust fund, respectively. The fund supports marketing and promoting tourism, excluding capital construction projects, and provides resources for affordable housing activities.