SB1509 — Taxes, Hotel Motel - As enacted, authorizes the City of Cookeville, by ordinance adopted by a two-thirds vote, to levy an occupancy tax of not more than 3 percent on the privilege of staying in any hotel or motel in Cookeville; requires the ordinance to 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 and economic development. - Amends TCA Section 67-4-1425.

SB1509 — Taxes, Hotel Motel - As enacted, authorizes the City of Cookeville, by ordinance adopted by a two-thirds vote, to levy an occupancy tax of not more than 3 percent on the privilege of staying in any hotel or motel in Cookeville; requires the ordinance to 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 and economic development. - Amends TCA Section 67-4-1425. · Informed CitizenryThis bill amends Tennessee Code Annotated Section 67-4-1425 to allow the City of Cookeville to levy an occupancy tax on the privilege of staying in any hotel within the city. The tax, which may be…Open in Informed Citizenry