Establishes "County Tourism Incentive Grant Fund" to provide grants for tourism advertising and promotion.

The bill establishes the "County Tourism Incentive Grant Fund" within the Department of Treasury. This fund will serve as a repository for excess State hotel and motel occupancy fee revenues. The State Treasurer will use these revenues to issue annual tourism incentive grants to counties, starting from fiscal year 2024. Counties must apply for these grants, detailing how they will use the funds for tourism advertising and promotion. The grants are intended to supplement, not replace, existing tourism funding. The State Treasurer can adopt rules and regulations to implement the fund's purposes.

Establishes "County Tourism Incentive Grant Fund" to provide grants for tourism advertising and promotion.

The bill establishes the "County Tourism Incentive Grant Fund" within the Department of Treasury. This fund will serve as a repository for excess State hotel and motel occupancy fee revenues. The State Treasurer will use these revenues to issue annual tourism incentive grants to counties, starting from fiscal year 2024. Counties must apply for these grants, detailing how they will use the funds for tourism advertising and promotion. The grants are intended to supplement, not replace, existing tourism funding. The State Treasurer can adopt rules and regulations to implement the fund's purposes.