TOURIST DEVELOPMENT TAX UPDATE



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TOURIST DEVELOPMENT TAX UPDATE COUNTY: Miami-Dade Address: 701 Brickell Avenue, Suite 2700 Miami, Florida 33131 ORGANIZATION NAME: Greater Miami Convention & Visitors Bureau Telephone Number: (305) 539-3065 Director: Mr. Bill Talbert, Presi dent & CEO Fax Number: (305) 530-4293 Contact Person: Mr. Bill Anderson TYPE OF TAX ORDINANCE NUMBERS EFFECTIVE DATE TYPE OF ACTION PERCENT AREA WHERE TAX IS Local Option Tourist Development Tax 78-62 12/01/78 All of Dade except: Bal Harbor,, and Miami Beach 87-81 04/01/88 Began Self-Collection 90-116 01/01/91 Increased Levy (Professional Sports Franchise Facility) 1.00% Total Levy: Tourist Development Surtax (Food & Beverages in Hotels/Motels) 90-33 07/01/90 All of Dade except: Bal Harbor,, and Miami Beach Charter County Convention Development Tax (Rooms) 83-91 11/11/83 04/01/88 Began Self-Collection All of Dade except: Bal Harbor, and Municipal Resort Tax (Rooms) 1996/97 4.00% Bal Harbor Miami Beach Bal Harbor 4.00% Miami Beach

TOTAL AMOUNT OF COUNTY: Miami-Dade TYPE OF TAX: Local Option Tourist Development Tax BY 1993/94 $11,910,519 [$14,656,200] Maintain a Convention and Visitor's Bureau to promote sports franchise and to support these 1994/95 $12,491,046 [$15,560,100] sports franchise and to support these

TOTAL AMOUNT OF COUNTY: Miami-Dade TYPE OF TAX: Local Option Tourist Development Tax BY 1995/96 $13,348,505 [$16,938,746] sports franchise and to support these 1996/97 $15,356,925 [$18,596,176] sports franchise and to support these

TOTAL AMOUNT OF COUNTY: Miami-Dade TYPE OF TAX: Local Option Tourist Development Tax BY 1997/98 $16,081,752 [$20,518,477] sports franchise and to support these 1998/99 $16,769,511 [$24,675,914] sports franchise and to support these

TOTAL AMOUNT OF COUNTY: Miami-Dade TYPE OF TAX: Local Option Tourist Development Tax BY 1999/00 $17,004,029 [$27,066,464] sports franchise and to support these