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GA HB1060

Bill

Official Source

Status

Passed

4/18/2022

Primary Sponsor

Danny Mathis

Click for details

Origin

House of Representatives

2021-2022 Regular Session

AI Summary

  • Authorizes the City of Cochran to levy an excise tax of up to 8% on charges for hotel, motel, inn, lodge, tourist camp, tourist cabin, campground, and other short-term lodging accommodations
  • Follows a resolution adopted by the City of Cochran's governing authority on October 13, 2020, specifying the tax rate, eligible projects, and allocation of proceeds
  • Requires that at least 50% of tax revenue collected above the 5% base rate be spent on promoting tourism, conventions, and trade shows through the city's designated destination marketing organization
  • Directs the remaining revenue collected above the 5% base rate to be expended for tourism product development

Legislative Description

Cochran, City of; levy an excise tax

Last Action

Effective Date 2022-04-18

4/18/2022

Committee Referrals

State and Local Governmental Operations2/7/2022
Intragovernmental Coordination2/1/2022

Full Bill Text

No bill text available