H.B. 2388 - Transient Accommodations Tax County Surcharge

• Authorizes each county to establish a surcharge on transient accommodations tax upon adopting an ordinance, subject to public hearing requirements and adoption deadline of December 31, 2021.

• Surcharge becomes effective January 1, 2022, and cannot be levied after December 31, 2036; all counties must adopt ordinances by the 2021 deadline or be permanently prohibited from doing so without separate legislative approval.

• Director of taxation administers the county surcharge and collects revenues quarterly, with state deducting an unspecified percentage for administrative costs before distributing remaining funds to respective counties as general fund revenue.

• Surcharge applies to gross rental value of transient accommodations taxable under Chapter 237D, with written contracts entered into after June 30 of the year prior to implementation required to include the surcharge, but pre-June 30 contracts without tax pass-through provisions are exempt.

• Act repeals entirely on January 1, 2022, if no county adopts a surcharge ordinance by December 31, 2021.