An Act relative to Yarmouth tourism funding change
This bill directs the town of Yarmouth to create a special account called the Tourism Revenue Preservation Fund. The fund will be financed by a portion of the local room occupancy tax collected annually, excluding taxes from short-term rentals, along with any grants, gifts, or donations designated for this purpose. By amending existing state law, the legislation allows the town to set aside these specific funds in its treasury to support tourism-related initiatives.
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