H443 Summary

• Town of Indian Trail may levy a room occupancy tax of up to 5% on hotel, motel, and similar lodging receipts, subject to voter approval by advisory referendum.

• Tax becomes effective on the first day of a calendar month, no earlier than the second month after resolution adoption, and may be increased by separate resolution with 10 days' public notice and hearing.

• Tax proceeds must 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.

• Stallings District S (the Union County portion of Town of Stallings) receives the same occupancy tax authority up to 5%, with revenue directed to a separate Stallings District S Tourism Development Authority, with restrictions limiting funds to the district's direct benefit only.

• Both tourism development authorities must include at least one-third members affiliated with tax-collecting businesses and at least one-half members active in travel and tourism promotion, with quarterly and annual reporting requirements.