HB782 — Taxes, Hotel Motel - As enacted, authorizes the Town of Kingston Springs, by ordinance adopted by a two-thirds vote, to levy an occupancy tax of not more than 2.5 percent on the privilege of staying in any hotel or motel in Kingston Springs; the ordinance must set forth the manner of collection and administration of the privilege tax; requires that all proceeds received by the municipality from the tax be used for tourism or economic development. - Amends TCA Section 67-4-1425.

HB782 — Taxes, Hotel Motel - As enacted, authorizes the Town of Kingston Springs, by ordinance adopted by a two-thirds vote, to levy an occupancy tax of not more than 2.5 percent on the privilege of staying in any hotel or motel in Kingston Springs; the ordinance must set forth the manner of collection and administration of the privilege tax; requires that all proceeds received by the municipality from the tax be used for tourism or economic development. - Amends TCA Section 67-4-1425. · Informed CitizenryHB782 amends Tennessee Code Annotated Section 67-4-1425 to authorize a specific city to levy a privilege tax on hotel occupancy. The bill allows the city to establish a tax of up to 5% of the consi…Open in Informed Citizenry