Amends TCA Section 67-4-1425.
ON APRIL 1, 2019, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 567, AS AMENDED.<br /> <br /> AMENDMENT #1 reduces the authorized maximum occupancy tax from "5 percent" to "2.5 percent". This amendment requires that the revenue generated by the tax be used to support local tourism and economic development. <br /> <br />
ON APRIL 1, 2019, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 567, AS AMENDED.<br /> <br /> AMENDMENT #1 reduces the authorized maximum occupancy tax from "5 percent" to "2.5 percent". This amendment requires that the revenue generated by the tax be used to support local tourism and economic development. <br /> <br />
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