NC S269

Authorizes the Town of Hillsborough to levy a room occupancy tax of up to 3% on gross receipts from rental of hotel rooms, motels, inns, and similar lodging facilities subject to state sales tax.

Exempts accommodations furnished by nonprofit charitable, educational, or religious organizations when provided for their nonprofit purposes.

Requires the town to remit net tax proceeds quarterly to the Hillsborough Tourism Development Authority, with at least two-thirds used to promote travel and tourism and the remainder for tourism-related expenditures.

Establishes the Hillsborough Tourism Development Authority as a public authority with membership including at least one-third representatives from tax-collecting businesses and at least one-half individuals active in tourism promotion.

Allows the town to retain up to 3% of the first $500,000 in annual gross proceeds and 1% of remaining proceeds to cover administration and collection costs.