relative to funding for the division of travel and tourism.

SB 63 changes how the Division of Travel and Tourism in New Hampshire is funded by adjusting the calculation of meals and rooms tax revenue. Currently, the division receives 3.15% of the "net income" from this tax, which excludes transfers to the Municipal Revenue Fund. The bill adds back that transfer amount to the calculation, increasing the funding base. Based on 2024 data, this would raise annual funding from $10.2 million to $14.3 million (a $4.1 million increase). The change applies to future budgets starting with the 2028-2029 fiscal year.