HB1810 - Tennessee: Davidson County, Metropolitan Government, Nashville, Taxes, Hotel Motel

Companion Bill SB1117. Taxes, Hotel Motel - Revises the distribution structure of Nashville's hotel motel tax; authorizes Metro council by ordinance to increase the tax by 1 percent to be used for a new convention center. - Amends TCA Title 7, Chapter 4, Part 1. Fiscal Summary for HB1810 / *SB1117(CORRECTED) Increase Local Govt. Revenues - $4,000,000/Permissive Increase Local Govt. Expenditures - Not Significant/Permissive Other Fiscal Impact - There will be a shift in the way current revenues are earmarked. Prior to the adoption of the ordinance by the Metropolitan Council authorized by the bill, current revenues of $20,000,000 will be allocated as follows: 1/3 for the promotion of tourism - approximately $6,667,000 1/3 for the convention center replacement fund- approximately $6,667,000 1/3 to the general fund - approximately [...]

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