Bill Summary for S 552 (2017-2018)
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| View NCGA Bill Details | 2017-2018 Session |
AN ACT TO MAKE VARIOUS OCCUPANCY TAX CHANGES AFFECTING THE CITIES OF SANFORD, SALUDA, JACKSONVILLE, HICKORY AND CONOVER AND AFFECTING THE COUNTIES OF HARNETT, SAMPSON, YADKIN, AND ROWAN.Intro. by Tillman, Cook.
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Bill summary
House amendment #1 amends the 2nd edition.
Adds new Part IV. Amends Sections 1 and 3 of SL 2009-169, directing the Hickory-Conover Tourism Development Authority to use the proceeds from the occupancy taxes levied by the Cities of Hickory and Conover to be used as follows: prior to and through December 31, 2029 (currently, December 31, 2019), two-thirds of the funds are to be used to provide for a convention center facility with the remainder to be used to promote travel and tourism in the area; and after December 31, 2029 (currently, December 31, 2019), two-thirds of the funds are to be used to promote travel and tourism in the area with the remainder to be used for tourism-related expenditures.
Makes conforming changes to the long title.
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