Durham County Occupancy Tax Modifications.

This bill modifies how Durham County distributes the revenue generated from its room occupancy tax. It changes the percentage of tax revenue allocated to specific entities and adjusts the tax brackets applied to different portions of the total tax collected for fiscal years 2024 through 2027. Under the new rules, a portion of the tax is shared between the county and the City of Durham, while the remainder goes to the Durham Convention and Visitors Bureau. The Bureau is required to use these funds primarily for promoting travel and tourism, with specific mandates to pay off debt for the Performing Arts Theater and fund improvements at the Museum of Life and Science.