05.14.2014 The House Ways and Means committee gave this bill a favorable report.
05.13.2014 The House Ways and Means Revenue Policy subcommittee gave this bill a favorable report.
02.26.2013 The Senate Finance committee gave this bill a favorable report with an amendment. The amendment defines how carried forward funds must be accounted.
02.20.2013 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report with an amendment. The amendment deletes the requirement  that money has to be in a separate reserve account.
Summary of the bill as introduced: Clarifies that local accommodation tax revenues may be used for beach renourishment and allows a municipality by a two thirds vote to hold the funds for more than two years if the funds are designated for control and repair of waterfront erosion.