SB 534 Transient occupancy and food and beverage taxes.
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Summary:
Transient occupancy and food and beverage taxes. Authorizes all localities to impose a transient occupancy tax of up to 5.5 percent and a food and beverage tax of up to 5.5 percent. Counties now authorized to charge transient occupancy rates of greater than two percent may continue to do so, subject to the same restrictions on the use of the proceeds from the tax in excess of two percent that are currently in effect. The requirement that counties approve a food and beverage tax at referendum is repealed. If a city levied a meals tax or transient occupancy tax at a rate exceeding 5.5 percent on January 1, 1998, it may maintain such higher rate. Localities may require the Department of Taxation to collect the local food and beverage and transient occupancy taxes.

Full text:
01/26/98  Senate: Presented & ordered printed 989361713  pdf

Status:
01/26/98  Senate: Presented & ordered printed 989361713
01/26/98  Senate: Referred to Committee on Finance
02/12/98  Senate: Left in Finance