Funding for Tourism Promotion
The passage of the Tourism Promotion Act of 2008 enacted the potential for enhanced funding appropriations based on the tourism sector’s growth year over year.
This funding formula provides quantitative, policy-backed way to report the impact that visitor spending has on sales tax revenue in Maryland. Eight sales tax codes are tracked and multiplied by a tourism factor – the amount deemed attributable to visitor spending – by the Comptroller. The Board qualifies for additional funding if this tourism tax increment exceeds three percent of the tourism tax revenues from the previous year.
2014 Maryland Tourism Development Board Fund Report
2013 Maryland Tourism Development Board Fund Report
House Bill 685