Agenda - 08-23-2011 - 8d - Laserfiche WebLink

Browse Search

~acr,m 2n-~ 5 33 GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2001 SESSION LAW 2001-439 SENATE BILL 92 AN ACT TO AUTHORIZE VARIOUS MUNICII'ALITIES AND COUNTIES TO -LEVY ROOM OCCUPANCY- TAXES. The General Assembly of North Carolina enacts: SECTION 14.1. Occupancy tax. - (a) Authorization -and Scope. -The governing body of the Town of Carrboro may levy a room occupancy tax of up to three percent (3%) of the gross r-eceipts derived from the rental of any room, lodging, or accommoda-tion famished by a hotel; motel, innr tourist camp, or simil-ar place within the town that is subject to sales tax imposed by the State under G.S. 105-164.4(a)(3). This tax is in addition to any State or local sales tax. This tax does not apply to accommodations furnished by nonproft charitable, educational, or religious organizations when furnished in furtherance of their nonprofit purpose. SECTION 14.1.(b) Adminstration_ - A tax levied under this section shall be levied, administered collected, and repealed as provided in G.S. i60A-21~. The penalties provided in G.S. 160A-215 apply to a.tax levied under this section. SECTION 14.1.(c) Distribution and Use of Tax Revenue. -The Town of Carrboro shall, on a quarterly basis, remit the net proceeds of the occupancy tax to the Carrboro Tourism Development Authority. The Authority shall use at least two-thirds- of the funds remitted to it under this subsection to promote travel and tourism in Carrboro and shall use.the remainder for tour-ism-related expenditures. The following definitions apply in this subsection: (1) Net proceeds. - Gross proceeds less the cost to the town of administering and collecting the tax, as determined by the f nance officer, not to exceed three percent (3%) of the first five hundred thousand dollars ($500,000) of gross proceeds collected each year and one percent (1%) of the remaining gross receipts collected each year. (2) Promote travel and tourism. - To advertise or market an area or activity, publish and distribute pamphlets and other materials, conduct market research, or engage in similar promotional activities that attract tourists or business travelers to the area. The term includes administrative expenses incurred in engaging in these activities.