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1999 SESSION

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SB 1098 Transient occupancy tax.

Introduced by: W. Roscoe Reynolds | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Transient occupancy tax. Adds Franklin County, defined by population brackets, to the list of counties authorized to levy a transient occupancy tax at a rate not exceeding five percent. Currently, it is subject to the general rate limitation of two percent. The revenue generated by the portion of rate in excess of two percent is required to be used for promoting tourism, travel or business that generates tourism or travel in the locality.

SUMMARY AS PASSED SENATE:

Transient occupancy tax. Adds Franklin County, defined by population brackets, to the list of counties authorized to levy a transient occupancy tax at a rate not exceeding five percent. Currently, it is subject to the general rate limitation of two percent. The revenue generated by the portion of rate in excess of two percent is required to be used for promoting tourism, travel or business that generates tourism or travel in the locality.

SUMMARY AS INTRODUCED:

Transient occupancy tax. Adds Franklin County, defined by population brackets, to the list of counties authorized to levy a transient occupancy tax at a rate not exceeding five percent. Currently, it is subject to the general rate limitation of two percent. The revenue generated by the portion of rate in excess of two percent is required to be used for promoting tourism, travel or business that generates tourism or travel in the locality.