Bill Summary for S 749 (2021)

Summary date: 

May 18 2022

Bill Information:

View NCGA Bill Details2021
Senate Bill 749 (Local) Filed Wednesday, May 18, 2022
AN ACT TO MAKE VARIOUS OCCUPANCY TAX CHANGES AFFECTING THE CITIES OF HICKORY AND CONOVER.
Intro. by Proctor.

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Bill summary

Amends Sections 1 and 3 of SL 2009-169, which set parameters for the use of occupancy tax proceeds remitted by the Cities of Hickory and Conover to each city's respective tourism development authority (TDA). Extends the date through which each TDA is authorized to use two-thirds of the funds remitted for the purpose of improving, leasing, constructing, financing, operating or acquiring facilities and properties needed to provide for a convention center facility, from December 31, 2029, to December 31, 2039. Makes conforming changes. 

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