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Bill > SB0734

TN SB0734

TN SB0734
AN ACT to amend Tennessee Code Annotated, Section 7-4-202, relative to hotel occupancy taxes within metropolitan governments.

summary

Introduced
02/04/2025
In Committee
Crossed Over
03/17/2025
Passed
03/25/2025
Dead
Signed/Enacted/Adopted
04/08/2025

Introduced Session

114th General Assembly

Bill Summary

As enacted, extends by six 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 six 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 Code Annotated, Section 7-4-202, specifically extending the authorization for Davidson County to charge an additional $0.50 privilege tax on hotel room occupancy and allocate the tax revenue for tourism promotion. The existing law's sunset date of May 21, 2020, is being replaced with a new sunset date of May 21, 2026, effectively extending the tax and related committee terms by six years. This means that for another six years, Davidson County can continue to collect the extra hotel occupancy tax and use the funds to directly support tourism-related activities. The bill takes effect immediately upon becoming law, with the legislative language indicating that the public welfare requires this extension. By prolonging the existing tax provision, the bill aims to provide continued financial support for tourism promotion in Davidson County, which includes Nashville, a major tourism destination in Tennessee.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (1)

Last Action

Effective date(s) 04/03/2025 (on 04/08/2025)
(1 Companion Bills)

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