NC S120

Authorizes Swain County Board of Commissioners to levy an additional room occupancy tax of up to 2% on rental gross receipts, in addition to the existing 3% tax and previously authorized 1% tax, for a total potential maximum of 6%.

The 2% additional tax can only be levied if the county also levies the maximum taxes authorized under the existing 3% and 1% provisions.

Quarterly net proceeds from all occupancy taxes must be remitted to the Swain Tourism Development Authority, which must use at least two-thirds for promoting travel and tourism and the remainder for tourism-related expenditures.

County administration and collection costs are capped at 3% of the first $500,000 of gross proceeds annually and 1% of remaining gross proceeds.

The Tourism Development Authority must report quarterly and at year-end to the Board of Commissioners on receipts and expenditures.