In 1977, the Florida Legislature passed the "Tourist Development Tax" (F.S.125.0104) at the request of Florida lodging executives. The purpose of the tax was to create a dedicated revenue source for local tourism promotion and the reinvestment in publicly owned and operated capital improvements such as convention centers, sports stadiums, sports arenas, coliseums, auditoriums, aquariums, or museums.
The proper reinvestment and appropriate use of TDT will drive further visitation to our destination and continue to benefit our local economy and residents through increased jobs and wages, sales tax revenue, property tax, etc.
CFHLA strongly opposes adding any new or expanded uses for Tourist Development Tax (TDT) revenues. Any new or expanded uses of TDT will only serve to dilute the effectiveness of these dollars, which are statutorily established for the local promotion and marketing of tourism.
Lastly, CFHLA opposes the periodic readoption of the TDT through local voter referendum. Requiring the periodic readoption of the TDT through voter referendum would eliminate the ability of local governments to pledge these funds for bonding for any project that would exceed the period of readoption (typically 30 years). In addition to expending the additional dollars to pay for these referenda, local governments will spend time and resources every five years to promote re-adoption rather than concentrating their efforts on the work of tourism promotion.