NC H412

Authorizes the Town of Maggie Valley Board of Aldermen to levy a room occupancy tax of up to 2% on gross receipts from hotel, motel, inn, and tourist camp rentals, in addition to state and local sales taxes.

Requires Maggie Valley to remit quarterly net proceeds (after up to 3% administration cost on first $500,000 annually and 1% on remaining amounts) to a Tourism Development Authority, which must use at least two-thirds for travel and tourism promotion and remainder for tourism-related expenditures.

Establishes a Maggie Valley Tourism Development Authority with membership requiring at least one-third affiliated with tax-collecting businesses and at least one-half active in tourism promotion, with quarterly and fiscal year reporting to the Board of Aldermen.

Authorizes identical occupancy tax structure, revenue distribution, and Tourism Development Authority for the Town of Canton.

Amends G.S. 160A-215(g) to add Maggie Valley and Canton to the list of municipalities subject to occupancy tax provisions; effective upon enactment.