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Bill > SB0154

TN SB0154

TN SB0154
AN ACT to amend Tennessee Code Annotated, Section 7-4-202, relative to hotel occupancy taxes within metropolitan governments.

summary

Introduced
01/15/2025
In Committee
Crossed Over
Passed
Dead

Introduced Session

114th General Assembly

Bill Summary

As introduced, extends by 12 years the period in which Davidson County may charge an additional $0.50 privilege tax on the occupancy of a hotel room and in which such county may allocate the tax revenue for the purposes of direct promotion of tourism; extends by 12 years the terms of the committee members that oversee the fund in which the additional tax is deposited. - Amends TCA Section 7-4-202.

AI Summary

This bill amends Tennessee law to extend the authorization for Davidson County (which includes Nashville) to charge an additional $0.50 privilege tax on hotel room occupancy for tourism promotion purposes. Specifically, the bill changes the expiration date of this taxing authority from May 21, 2020, to May 21, 2032, effectively providing 12 more years for the county to continue collecting this special hotel occupancy tax. The additional tax revenue is intended to be used for directly promoting tourism in the area. By extending both the tax collection period and the terms of the committee overseeing the tax fund, the bill aims to support ongoing tourism development and marketing efforts in Davidson County. The legislation will take effect immediately upon becoming law, as stated in the bill's second section, with the public welfare cited as the justification for its immediate implementation.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Passed on Second Consideration, refer to Senate State and Local Government Committee (on 01/27/2025)

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