EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

Whereas, The legislature hereby finds and declares that a general law

1-1 Section 1. 1. A tax at the rate of:

1-2 (a) Three percent of the gross receipts from the rental of transient

1-3 lodging is hereby imposed in:

1-4 (1) The unincorporated area of Washoe County; and

1-5 (2) Each incorporated city in Washoe County, except in the district

1-6 described in NRS 268.780 to 268.785, inclusive.

1-7 (b) Two percent of the gross receipts from the rental of transient lodging

1-8 is hereby imposed in the district described in NRS 268.780 to 268.785,

1-9 inclusive.

1-10 2. The tax imposed pursuant to this section must be:

2-1 (a) In addition to all other taxes imposed on the revenue from the rental

2-2 of transient lodging in Washoe County and the incorporated cities in

2-3 Washoe County;

2-4 (b) Collected and enforced in the same manner as provided for the

2-5 collection of the tax imposed by NRS 244.3352; and

2-6 (c) Paid to the Treasurer of Washoe County, who shall distribute the

2-7 proceeds from the tax in the manner set forth in section 2 of this act.

2-8 3. As used in this section, "gross receipts from the rental of transient

2-9 lodging" does not include the tax imposed or collected from paying guests

2-10 pursuant to this section.

2-11 Sec. 2. The proceeds of the tax imposed pursuant to section 1 of this

2-12 act and any applicable penalty or interest must be distributed as follows:

2-13 1. The sum of $1,500,000 and, beginning June 1, 2000, and each year

2-14 thereafter, an additional amount equal to $1,500,000 multiplied by the

2-15 percentage by which the proceeds of the tax imposed pursuant to section 1

2-16 of this act increased during the immediately preceding 12-month period, if

2-17 any, must be paid to the Reno/Sparks Convention and Visitors Authority to

2-18 be used for the marketing and promotion of tourism in Washoe County,

2-19 until such time as the Truckee Meadows Tourism Facility and

2-20 Revitalization Steering Committee identifies particular capital improvement

2-21 projects pursuant to section 4 of this act. After the Truckee Meadows

2-22 Tourism Facility and Revitalization Steering Committee identifies

2-23 particular capital improvement projects pursuant to section 4 of this act, the

2-24 money described in this subsection must, notwithstanding the provisions of

2-25 NRS 279.619, be used to pay the principal and interest on notes, bonds or

2-26 other obligations issued by the Reno Redevelopment Agency to fund the

2-27 acquisition, establishment, construction or expansion of the projects so

2-28 identified.

2-29 2. The remainder of the proceeds of the tax, after the amount described

2-30 in subsection 1 is distributed pursuant to that subsection, must be paid to

2-31 the Reno/Sparks Convention and Visitors Authority to support the

2-32 expansion and remodeling of the Reno/Sparks Convention Center.

2-33 Sec. 3. 1. The Truckee Meadows Tourism Facility and

2-34 Revitalization Steering Committee, consisting of nine members, is hereby

2-35 created. The membership of the Committee consists of:

2-36 (a) Three persons appointed by the Board of Directors of the

2-37 Reno/Sparks Convention and Visitors Authority, one of whom must be a

2-38 member of the Nevada Resort Association who represents properties

2-39 outside the district described in NRS 268.780 to 268.785, inclusive, and

2-40 two of whom must represent the interests of Sparks, Washoe County, the

2-41 motel industry or general business.

2-42 (b) Three members of the Reno Redevelopment Agency, appointed by

2-43 the Chairman of the Agency.

3-1 (c) Three persons appointed by the Nevada Resort Association from

3-2 those members of the Association whose properties are located in the

3-3 district described in NRS 268.780 to 268.785, inclusive.

3-4 2. The Committee shall elect a chairman from among its members.

3-5 3. A vacancy on the Committee must be filled by appointment by a

3-6 majority of the remaining members of the Committee. A person selected to

3-7 fill a vacancy pursuant to this subsection must have the same qualifications

3-8 as those of the member replaced.

3-9 4. The Committee shall meet at least quarterly or by a call of the

3-10 chairman or majority of the members of the Committee.

3-11 5. Members of the Committee serve without compensation, except that

3-12 while engaged in the business of the Committee, each member may be paid

3-13 the per diem allowance and travel expenses provided for state officers and

3-14 employees generally, as the budget of the Reno Redevelopment Agency

3-15 allows.

3-16 Sec. 4. The Truckee Meadows Tourism Facility and Revitalization

3-17 Steering Committee shall develop a master plan which identifies:

3-18 1. Proposed capital improvement projects that the Committee

3-19 determines to be advisable to promote tourism in Washoe County; and

3-20 2. The method or methods pursuant to which the proposed capital

3-21 improvement projects identified in subsection 1 will be financed.

3-22 Capital improvement projects identified pursuant to this section must be

3-23 located in the district described in NRS 268.780 to 268.785, inclusive.

3-24 Sec. 5. This act becomes effective on June 1, 1999.