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TN SB0875

TN SB0875
As enacted, authorizes Memphis to levy the occupancy tax by one or more ordinances, in an amount not to exceed an aggregate of 5 percent of the consideration charged. - Amends TCA Title 67, Chapter 4, Part 14.


summary

Introduced
02/09/2017
In Committee
Crossed Over
Passed
Dead
Signed/Enacted/Adopted
05/19/2017

Introduced Session

110th General Assembly

Bill Summary

As enacted, authorizes Memphis to levy the occupancy tax by one or more ordinances, in an amount not to exceed an aggregate of 5 percent of the consideration charged. - Amends TCA Title 67, Chapter 4, Part 14.

AI Summary

This bill authorizes the city of Memphis, which has a population of more than 610,000 according to the 2010 or any subsequent federal census, to levy a privilege tax on the occupancy of hotels by transients. The tax cannot exceed an aggregate of 5 percent of the consideration charged by the hotel operator. This amendment to the Tennessee Code Annotated, Title 67, Chapter 4, Part 14, allows Memphis to impose this additional occupancy tax through one or more local ordinances.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Comp. became Pub. Ch. 291 (on 05/19/2017)

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