HB1492 — Taxes, Hotel Motel - As enacted, authorizes the City of Farragut, by a two-thirds vote of its governing body, to levy a privilege tax not to exceed 4 percent upon the privilege of occupancy. - Amends TCA Section 67-4-1425.

HB1492 — Taxes, Hotel Motel - As enacted, authorizes the City of Farragut, by a two-thirds vote of its governing body, to levy a privilege tax not to exceed 4 percent upon the privilege of occupancy. - Amends TCA Section 67-4-1425. · Informed CitizenryHB1492 amends Tennessee Code Annotated Section 67-4-1425 to exempt certain cities from the standard hotel-motel tax. Specifically, it exempts cities situated in two or more counties with a populati…Open in Informed Citizenry