HB726 Summary

• Levies a 6 percent privilege or license tax on room rentals and lodging accommodations in Lauderdale County, including hotels, motels, inns, tourist courts, and bed and breakfast establishments.

• Directs the Alabama Department of Revenue to deposit net proceeds from the lodging tax to the Florence/Lauderdale Tourism Board (FLTB) account.

• Requires the FLTB to retain 75 percent of net lodging tax proceeds and distribute 25 percent to municipalities where the lodging accommodations are located.

• Establishes a five-member Tourism Board in Lauderdale County with representatives appointed by the Lauderdale County Commission, City of Florence governing body, and jointly by both entities, with staggered four-year terms.

• Becomes effective immediately upon passage and approval by the Governor.