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2012 SESSION

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HB 795 Food and beverage tax; authorizes Floyd County to impose.

Introduced by: Nick Rush | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Food and beverage tax; Floyd County.  Authorizes Floyd County to impose a food and beverage tax at a rate not to exceed four percent, provided that (i) the local governing body unanimously votes to impose it and (ii) the local governing body decreases the real property tax rate to a level that will reduce its real property tax revenues by an amount equal to the estimated amount of revenue to be generated by the food and beverage tax.


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