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GA HB408
Bill
Status
Passed
4/26/2016
Primary Sponsor
Wendell Willard
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AI Summary
- Amends Georgia's excise tax on rooms, lodging, and accommodations (Code Section 48-13-51) to clarify how certain provisions apply to municipalities levying the 7% hotel/motel tax
- Adds new subparagraph (C) allowing a municipality that dedicated a percentage of its hotel/motel tax to financing a multipurpose domed stadium to redirect 39.3% of total taxes collected at the 7% rate toward tourism product development purposes under Code Section 48-13-50.2
- Redirected funding for tourism product development may only commence after the municipality has terminated its obligations to fund the multipurpose domed stadium and no outstanding obligations issued before January 1, 1991 to fund that stadium remain secured by the tax
- Preserves existing requirements that counties or municipalities levying the 7% tax must spend at least 32.14% of post-July 1, 1990 collections (and 51.4% of pre-July 1, 1990 collections) on promoting tourism, conventions, trade shows, and supporting convention facilities
- Effective date is July 1, 2016
Legislative Description
Excise tax; rooms, lodging and accommodations; clarify application of certain provisions to certain municipalities
Last Action
Effective Date
7/1/2016
Full Bill Text
No bill text available