summary
Introduced
02/17/2025
02/17/2025
In Committee
04/10/2025
04/10/2025
Crossed Over
04/10/2025
04/10/2025
Passed
Dead
Introduced Session
2025-2026 Session
Bill Summary
AN ACT TO AUTHORIZE THE TOWN OF MAYSVILLE TO LEVY AN OCCUPANCY TAX.
AI Summary
This bill authorizes the Town of Maysville to levy a room occupancy tax of up to 6% on gross receipts from rentals subject to state sales tax, which is in addition to existing state and local sales taxes. The town will create a Tourism Development Authority (TDA) with board members who are affiliated with local businesses and active in tourism promotion. The TDA will receive the net proceeds of the tax on a quarterly basis and must use at least two-thirds of the funds to promote travel and tourism, with the remaining funds allocated to tourism-related expenditures. "Net proceeds" are defined as gross proceeds minus administrative collection costs (not exceeding 3% of the first $500,000 and 1% of remaining receipts). The bill defines "promoting travel and tourism" as activities like advertising, publishing materials, conducting market research, and similar promotional efforts. The TDA will be required to report quarterly and annually to the Town Board of Commissioners about its receipts and expenditures. The bill also updates a previous statute to include Maysville in the list of municipalities authorized to levy such a tax, and becomes effective immediately upon becoming law.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
Ref To Com On Rules and Operations of the Senate (on 04/10/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.ncleg.gov/BillLookUp/2025/H143 |
Analysis - Summary H143-SMSV-9(e1)-v-2 | https://dashboard.ncleg.gov/api/Services/BillSummary/2025/H143-SMSV-9(e1)-v-2 |
Analysis - Summary H143-SMSV-7(e1)-v-2 | https://dashboard.ncleg.gov/api/Services/BillSummary/2025/H143-SMSV-7(e1)-v-2 |
BillText | https://www.ncleg.gov/Sessions/2025/Bills/House/PDF/H143v1.pdf |
BillText | https://www.ncleg.gov/Sessions/2025/Bills/House/PDF/H143v0.pdf |
Loading...