NC H490

Authorizes the City of Sanford to levy a room occupancy tax of up to 3% on gross receipts from hotel, motel, inn, and similar lodging rentals subject to state sales tax.

Requires net proceeds (gross proceeds less up to 3% administrative costs on first $500,000 annually and 1% on remaining receipts) to be remitted quarterly to the Sanford Tourism Development Authority.

Establishes a Sanford Tourism Development Authority with at least one-third of members affiliated with tax-collecting businesses and at least one-half active in tourism promotion.

Requires the Authority to use 100% of funds received to promote travel and tourism in Sanford, including advertising, marketing, and tourist-related events.

Adds Sanford to the list of municipalities authorized to levy occupancy taxes under G.S. 160A-215.