Bill Summary for H 412 (2021-2022)
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View NCGA Bill Details | 2021 |
AN ACT TO AUTHORIZE THE TOWNS OF MAGGIE VALLEY AND CANTON TO LEVY AN OCCUPANCY TAX.Intro. by Pless, Clampitt.
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Bill summary
House committee substitute to the 1st edition makes the following changes. Deletes the provisions of the previous edition and replaces it with the following.
Authorizes the Town of Maggie Valley Board of Aldermen to levy a room occupancy tax of up to 2%. Provides that the tax must be levied, administered, collected and repealed as provided in GS 160A-215 (uniform provisions for room occupancy taxes). Requires the Maggie Valley Tourism Development Authority (TDA) to use at least two-thirds of the occupancy tax proceeds to promote travel and tourism in Maggie Valley and the remainder for tourism related expenditures. Requires the Town of Maggie Valley Board of Aldermen to adopt a resolution creating the TDA when it adopts the resolution levying the tax. Makes the TDA a public authority under the Local Government Budget and Fiscal Control Act. Requires at least one-third of the TDA's members be affiliated with businesses that collect the tax in the town, and at least one-half of the members be currently active in the promotion of travel and tourism in the town. Sets out the TDA's duties and reporting requirements. Makes conforming changes to GS 160A-215. Makes conforming changes to the act's titles.