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NOTE: With the exception of Hickory-Conover, Goldboro, and Hendersonville, the net proceeds of the tax are distributed to the
appropriate body. "Net proceeds" is defined as the cost of administering and collecting the tax as determined by the finance
officer. In some instances, a limit is placed on this costs. The usual limit is 3Vo to 5Vo. InRutherford County, the limit is
I0Vo. Hickory-Conover, Goldsboro, and Hendersonville define "net proceeds" as "gross proceeds".
The General Assembly authorized Wake County to impose a6Vo occupancy tax in 1991 (S.L. 91-594). The enactment of the
tax under this authority repeals the authority of the county or a unit of local government in Wake County to enact an
occupancy tax under any other local act. Wake County has enacted this tax. Therefore, the authority for the county to enact a
3Vo occapancy tax under S.L. 85-850 and the authority of any units of local government in Wake County have been repealed.
The House Finance Committee appointed a subcommittee on occupancy taxes. That subcommittee adopted a proposed
committee substitute for HB 800, H800-PCS-LJ(V4), that establishes uniform provisions that apply to all local room
occupancy taxes. Although the full Committee did not act upon the PCS during the 1993-94 Session, it did apply those
provisions to all the local occupancy tax bills that passed through the Committee. The standards established under the PCS
are as follows:
Rate - The county tax rate cnnot exceed 6Vo and the citv tax rate. when combined with the countv rate. cannot exceed
6Vo.
Use - If the tax rate does not exceed 3Vo, thenZl3 of the proceeds must be used to promote travel and tourism and the
remainder for tourism-related expenditures. If the tax rate exceeds 3Vo, then the equivalent of a3Vo tax must be used as
stated above and the remainder must be used only to construct, maintain, operate, or market a convention or meeting
facilitv.
Definitions - Defines "convention or meeting facility", "promote travel and tourism", and "tourism-related
expenditures".
40
Object Description
| Title | Occupancy tax overview |
| Contributor | North Carolina. General Assembly. |
| Date | 1997-02 |
| Subjects |
Local taxation--North Carolina Visitors' taxes--North Carolina |
| Place | North Carolina, United States |
| Description | Cover title.; "February 1997." |
| Publisher | General Assembly |
| Agency-Current | North Carolina General Assembly |
| Rights | State Document see http://digital.ncdcr.gov/u?/p249901coll22,63754 |
| Physical Characteristics | 41 p. ; 28 cm. |
| Collection | North Carolina State Documents Collection. State Library of North Carolina |
| Type | Text |
| Language | English |
| Format | Reports |
| Digital Characteristics-A | 1.62 MB; 42 p. |
| Digital Collection | North Carolina Digital State Documents Collection |
| Digital Format | application/pdf |
| Related Items | http://worldcat.org/oclc/38589919/viewonline |
| Audience | All |
| Pres File Name-M | pubs_occupancytaxoverview1997.pdf |
| Pres Local File Path-M | \Preservation_content\StatePubs\pubs_borndigital\images_master\ |
| OCLC number | 38589919 |
Description
| Title | Occupancy tax overview - Page 41 |
| Full Text | NOTE: With the exception of Hickory-Conover, Goldboro, and Hendersonville, the net proceeds of the tax are distributed to the appropriate body. "Net proceeds" is defined as the cost of administering and collecting the tax as determined by the finance officer. In some instances, a limit is placed on this costs. The usual limit is 3Vo to 5Vo. InRutherford County, the limit is I0Vo. Hickory-Conover, Goldsboro, and Hendersonville define "net proceeds" as "gross proceeds". The General Assembly authorized Wake County to impose a6Vo occupancy tax in 1991 (S.L. 91-594). The enactment of the tax under this authority repeals the authority of the county or a unit of local government in Wake County to enact an occupancy tax under any other local act. Wake County has enacted this tax. Therefore, the authority for the county to enact a 3Vo occapancy tax under S.L. 85-850 and the authority of any units of local government in Wake County have been repealed. The House Finance Committee appointed a subcommittee on occupancy taxes. That subcommittee adopted a proposed committee substitute for HB 800, H800-PCS-LJ(V4), that establishes uniform provisions that apply to all local room occupancy taxes. Although the full Committee did not act upon the PCS during the 1993-94 Session, it did apply those provisions to all the local occupancy tax bills that passed through the Committee. The standards established under the PCS are as follows: Rate - The county tax rate cnnot exceed 6Vo and the citv tax rate. when combined with the countv rate. cannot exceed 6Vo. Use - If the tax rate does not exceed 3Vo, thenZl3 of the proceeds must be used to promote travel and tourism and the remainder for tourism-related expenditures. If the tax rate exceeds 3Vo, then the equivalent of a3Vo tax must be used as stated above and the remainder must be used only to construct, maintain, operate, or market a convention or meeting facilitv. Definitions - Defines "convention or meeting facility", "promote travel and tourism", and "tourism-related expenditures". 40 |
