SB1503 — 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.

SB1503 — 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 CitizenryThis act amends Tennessee Code Annotated, Section 67-4-1425, regarding hotel-motel taxes in certain cities. Specifically, it adds a new subsection that applies to any city situated in two or more c…Open in Informed Citizenry