Amends TCA Title 7, Chapter 4.
Present law authorizes Davidson County to impose an additional 1 percent tax on the 3 percent tourist accommodation tax. Under present law, the distribution from the 3 percent tax, or the higher amount if an increase is approved, includes a distribution of 1/3 of the total proceeds being used for the direct promotion of tourism. This bill defines "direct promotion of tourism" for purposes of the above-described present law provisions as tourism promotion activities exclusively by and through a competitively bid contract of the metropolitan government to an entity whose primary purpose and activities are the direct promotion of tourism within the county. This bill requires that the proceeds be used in their entireties to fund the competitively bid contract for the direct promotion of tourism.
Present law authorizes Davidson County to impose an additional 1 percent tax on the 3 percent tourist accommodation tax. Under present law, the distribution from the 3 percent tax, or the higher amount if an increase is approved, includes a distribution of 1/3 of the total proceeds being used for the direct promotion of tourism. This bill defines "direct promotion of tourism" for purposes of the above-described present law provisions as tourism promotion activities exclusively by and through a competitively bid contract of the metropolitan government to an entity whose primary purpose and activities are the direct promotion of tourism within the county. This bill requires that the proceeds be used in their entireties to fund the competitively bid contract for the direct promotion of tourism.
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