Hotel Tax Amendment Just Misses Becoming Law
LEXINGTON, Ky. - Legislation that would have enabled the Urban County Government to provide more revenue for the Kentucky Horse Park by raising the hotel and motel tax by 1 percent failed to clear the legislative process Tuesday. This leaves the city looking for other ways to establish new sources of funding.
The provision allowing Lexington to up the hotel tax was attached to an unrelated piece of legislation that passed the House with 12 minutes remaining before the end of the legislative session. The bill was not “enrolled,” however, meaning the clock ran out before House Speaker Greg Stumbo and Senate President Robert Stivers could sign it.
Governor Beshear had expressed support for the measure, which would translate to an extra $1.2M for the Horse Park. City spokesperson Susan Straub says the failure of the bill won’t spell the end of discussions.
"Conversations will continue to go on and the stakeholders in the community will have ample opportunity to weigh in if they were to propose an increase in the tax," she says.
The Horse Park, which brought in 800,000 visitors in 2012, developed a business plan last year to become self-sufficient by 2020.