AL HB414

Authorizes Tallapoosa County Commission to levy a 10 percent privilege or license tax on room rentals and lodging accommodations to transients in the unincorporated area of the county, with the rate reduced to the difference between 10 percent and any municipal lodging tax rate in overlapping police jurisdictions.

Exempts charges subject to state sales tax, rentals of 30 or more continuous days, and living accommodations intended as principal or permanent residences from the lodging tax.

Requires monthly tax reporting and payment by the 20th of each month following the month taxes accrue, with a 10 percent penalty plus interest assessed for late payment; allows county to contract with agents for tax collection with fees not exceeding 5 percent of collected taxes.

Incorporates state lodging tax statutes regarding payment, assessment, collection, record-keeping, and administration by reference to apply to this county tax.

Deposits net tax proceeds into the Tallapoosa County General Fund for any lawful county purpose and becomes effective immediately upon gubernatorial approval.