H 528 Summary

• Authorizes the Town of Indian Trail to levy a room occupancy tax of up to 5% on gross receipts from hotel, motel, inn, and similar lodging facilities, subject to voter approval through advisory referendum.

• Requires Indian Trail tax proceeds to be remitted quarterly to the Indian Trail Tourism Development Authority, with at least two-thirds used for travel and tourism promotion and the remainder for tourism-related expenditures.

• Creates Stallings District S (the portion of Stallings in Union County) as a taxing district authorized to levy the same 5% occupancy tax on lodging facilities, also subject to voter approval through referendum.

• Requires Stallings District S tax proceeds to benefit only that district, with at least two-thirds directed to tourism promotion and the remainder for tourism-related expenditures, with restrictions on use for areas outside the district.

• Tax administration costs are capped at 3% of the first $500,000 in annual gross proceeds and 1% of remaining proceeds; both authorities must report quarterly and annually to their respective governing bodies.