North Carolina SB 363: Transylvania Occupancy Tax.

Bill Text

GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2005
S 1
SENATE BILL 363*

Short Title: Transylvania Occupancy Tax. (Local)
Sponsors: Senator Snow.
Referred to: Finance.
March 3, 2005

A BILL TO BE ENTITLED 1
AN ACT TO ALLOW TRANSYLVANIA COUNTY TO INCREASE THE 2
OCCUPANCY TAX RATE IN THAT COUNTY. 3
The General Assembly of North Carolina enacts: 4
SECTION 1. Levy of Additional Occupancy Tax. – In addition to the tax 5
authorized by Chapter 969 of the 1985 Session Laws, as amended by S.L. 1999-205, the 6
Transylvania County Board of Commissioners may levy a room occupancy tax of up to 7
three percent (3%) of the gross receipts derived from the rental of accommodations 8
taxable under that Chapter. The levy, collection, administration, and repeal of the tax 9
authorized by this act shall be in accordance with the provisions of Section 1 of Chapter 10
969 of the 1985 Session Laws, as amended by S.L. 1999-205. Transylvania County 11
may not levy a tax under this act unless it also levies the tax authorized under Chapter 12
969 of the 1985 Session Laws. 13
SECTION 2. Use of Proceeds of Additional Tax. – Transylvania County 14
shall use funds collected under this act only in accordance with Section 1(e) of Chapter 15
969 of the 1985 Session Laws, as amended by S.L. 1999-205. 16
SECTION 3. This act is effective when it becomes law. 17