GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2013

S                                                                                                                                                     1

SENATE BILL 172

Short Title:        Modify Jacksonville Occupancy Tax.		(Local)
Sponsors:	Senator Brown (Primary Sponsor).
Referred to:	Finance.

March 5, 2013

A BILL TO BE ENTITLED

AN ACT to modify the use of occupancy tax proceeds for the city of jacksonville.

The General Assembly of North Carolina enacts:

SECTION 1.  Section 1.1(d) of S.L. 2009-429 reads as rewritten:

"SECTION 1.1.(d)  Distribution and Use of Tax Revenue. - The City of Jacksonville shall, on a quarterly basis, remit the net proceeds of the occupancy tax to the Jacksonville Tourism Development Authority.  The Authority shall use at least two-thirds of the funds remitted to it under this subsection for tourism-related expenditures and shall use the remainder to promote travel and tourism in Jacksonville and shall use the remainder for tourism-related expenditures.Jacksonville."

SECTION 2.  This act becomes effective July 1, 2013, and expires July 1, 2023.