Bill Summary for H 518 (2011-2012)

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Summary date: 

Jun 2 2011
S.L. 2011-161

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 518 (Local) Filed Tuesday, March 29, 2011
TO AUTHORIZE AN ADDITIONAL ONE PERCENT OCCUPANCY TAX FOR PERSON COUNTY.
Intro. by Wilkins.

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Bill summary

House committee substitute makes the following changes to 1st edition. Deletes amendments made to subsection (c) of Section 14 of SL 1997-364 (distribution and use of tax revenue) in the previous edition, and rewrites the subsection to direct Person County, on a quarterly basis, to remit the net proceeds of the occupancy tax to the Person Tourism Development Authority, which must use at least two-thirds of the funds to promote travel and tourism in Person County and the remainder for tourism-related expenditures.