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GA HB753
Bill
Status
Passed
6/29/2020
Primary Sponsor
Randy Nix
Click for details
AI Summary
- Authorizes the City of Franklin to levy an excise tax of up to 5% on charges for rooms, lodgings, and accommodations at hotels, motels, inns, lodges, tourist camps, cabins, campgrounds, and similar establishments
- Follows a resolution adopted by the City of Franklin's governing authority on October 4, 2019, specifying the tax rate, eligible projects, tourism product development purposes, and allocation of proceeds
- Requires that at least 50% of tax revenue exceeding what would be collected at a 5% rate be spent on promoting tourism, conventions, and trade shows through the city's designated destination marketing organization or an authorized entity with an existing contract
- Directs remaining excess tax revenue not spent on tourism promotion to be used for tourism product development
- Enacted pursuant to subsection (b) of O.C.G.A. Code Section 48-13-51, which governs municipal hotel/motel excise taxes
Legislative Description
Franklin, City of; levy an excise tax
Last Action
Effective Date
6/29/2020
Full Bill Text
No bill text available