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GA SB526
Bill
Status
Introduced
2/15/2022
Primary Sponsor
Sonya Halpern
Click for details
AI Summary
- Amends Code Section 48-13-51 to allow a destination marketing organization designated by a municipality to voluntarily return any portion of hotel/motel excise tax funds it received back to that municipality, effective on and after July 1, 2022
- Municipalities receiving returned funds must expend them specifically for tourism product development
- Prohibits any agreement from being made regarding the voluntary return of funds; the decision must remain a unilateral election made solely at the discretion of the destination marketing organization
- Becomes effective upon approval by the Governor or upon becoming law without such approval
Legislative Description
Excise Tax; optional return of funds by a destination marketing organization to certain jurisdictions levying the tax; provide
Last Action
Senate Read and Referred
2/17/2022
Committee Referrals
Finance2/17/2022
Full Bill Text
No bill text available