NC H504

Authorizes Moore County Board of Commissioners to levy an additional room occupancy tax of up to 3% on hotel, motel, inn, and similar lodging rentals, in addition to the existing 3% occupancy tax.

County may only levy the additional 3% tax if it also levies the original 3% occupancy tax authorized under prior law.

Quarterly net proceeds from the occupancy tax must be remitted to the Moore County Tourism Development Authority, with at least two-thirds used for travel and tourism promotion and remainder for tourism-related expenditures.

Net proceeds are calculated as gross proceeds minus administrative and collection costs, capped at 3% of the first $500,000 collected annually and 1% of remaining proceeds.

Effective upon enactment; ratified September 30, 2015.