Bill Text: GA HB364 | 2011-2012 | Regular Session | Introduced
Bill Title: Peachtree City, City of; levy excise tax
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2011-03-14 - Senate Read and Referred [HB364 Detail]
Download: Georgia-2011-HB364-Introduced.html
11 LC 18
9712
House
Bill 364
By:
Representative Fludd of the
66th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
authorize the governing authority of the City of Peachtree City to levy an
excise tax pursuant to subsection (b) of Code Section 48-13-51 of the O.C.G.A.;
to provide procedures, conditions, and limitations; to provide for related
matters; to repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Pursuant
to the authority of subsection (b) of Code Section 48-13-51 of the O.C.G.A., the
governing authority of the City of Peachtree City is authorized to levy an
excise tax pursuant to said subsection at a rate not to exceed 7 percent of the
charge for the furnishing for value to the public of any room or rooms,
lodgings, or accommodations furnished by any person or legal entity licensed by,
or required to pay business or occupation taxes to, the municipality for
operating a hotel, motel, inn, lodge, tourist camp, tourist cabin, campground,
or any other place in which rooms, lodgings, or accommodations are regularly or
periodically furnished for value.
SECTION
2.
The
enactment of this Act is subsequent to the adoption of Resolution 01-11-09 and
Ordinance 1019 of the governing authority of the City of Peachtree City which
specifies the subsequent tax rate, identifies the projects or tourism product
development purposes, and specifies the allocation of proceeds.
SECTION
3.
In
accordance with the terms of Resolution 01-11-09 and Ordinance
1019:
(1)
In each fiscal year during which a tax is collected pursuant to paragraph (2) of
subsection (b) of Code Section 48-13-51 of the O.C.G.A., an amount equal to
not less than 50 percent of the total amount of taxes collected that exceed the
amount of taxes that would be collected at the rate of 5 percent shall be
expended for promoting tourism, conventions, and trade shows by the destination
marketing organization designated by the City of Peachtree City or by such other
entity authorized to administer and expend the proceeds of such tax under an
existing contract authorized by paragraph (2) of subsection (e) of Code
Section 48-13-51 of the O.C.G.A; and
(2)
The remaining amount of taxes collected that exceed the amount of taxes that
would be collected at the rate of 5 percent which are not otherwise expended
under paragraph (1) of this section shall be expended for tourism product
development.
SECTION
4.
All
laws and parts of laws in conflict with this Act are repealed.