Bill > HB855

This bill modifies a previous law allowing the City of Thomasville to levy an excise tax by revising how the tax proceeds are to be spent. Specifically, the bill requires that in each fiscal year when the tax is collected, at least 50 percent of the tax amount collected above a 5 percent rate must be used for promoting tourism, conventions, and trade shows. This promotion will be managed by either the city's designated destination marketing organization or another entity authorized to administer the tax proceeds under a specific state legal code (Code Section 48-13-51). The bill appears to provide more specific guidance on the allocation of excess tax revenue, ensuring that a significant portion is directed towards economic development activities through tourism promotion, while maintaining the existing tax structure.

Government Affairs

https://www.legis.ga.gov/legislation/71657