HB691 Summary

• Levies a 4 percent privilege tax on lodging charges in Pike County for hotels, motels, inns, condominiums, bed and breakfasts, and other transient accommodations.

• Exempts charges included in the state sales tax and rental periods of 28 or more consecutive days under Alabama's Transient Occupancy Tax, with subsequent state law changes automatically updating local exemptions.

• Requires monthly tax reports and payments to the Department of Revenue by the 20th of each month, with a 10 percent penalty plus interest for late payment and allows good cause waivers.

• Distributes collected tax proceeds after a 5 percent administrative fee deduction: 50 percent to Pike County Commission and 50 percent to the municipality where the tax was collected.

• Becomes effective on the first day of the third month following passage and approval by the Governor.