SB 154

Present law provides that i n addition to any other tax or fee imposed by law on the occupancy of a hotel room, upon the adoption of an ordinance by the metropolitan council in Davidson C ounty, there is authorized an additional privilege tax of up to $2.50 upon the occupancy of each hotel room within the territory of that metropolitan government. A ll revenues received by the metropolitan government from such privilege tax that exceed $2 .00 must be deposited into an event and marketing fund. The fund must be governed by a six-person committee and a chair who votes only to break a tie. Present law provides th at the authority to charge such privilege tax in excess of $2 .00 and the terms of the committee members expire six years from May 21, 2020. This bill extends that date to May 21, 2032.