AN ACT TO INCREASE THE AUTHORIZATION FOR WILSON COUNTY TO LEVY AN OCCUPANCY TAX.
Senate committee substitute makes the following changes to the 1st edition.
Deletes the content of the previous edition and replaces it with the following.
Amends Chapter 484 of the 1987 Session Laws, as amended, to allow the Wilson County Board of Commissioners to levy an additional room occupancy tax of up to 3%. Requires the county to remit the proceeds of the initial occupancy tax to the Wilson County Tourism Development Authority (Authority) monthly (was, quarterly) and requires that one-third of the proceeds of the additional occupancy tax be remitted monthly to the Authority with the remaining two-thirds remitted to the City of Wilson. Increases the amount of the funds that must be used to promote travel and tourism in the county from two thirds to seven-eights. Requires the city to use at least one-fourth of the funds remitted to it to promote travel and tourism in the county and the remainder for tourism-related expenditures in the county that have been specifically approved in advance by the Authority. Requires the city to report quarterly and at the end of the fiscal year to the Authority. Makes conforming changes.
Amends the act's short and long titles.
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