HB 459: Taxes, Hotel Motel - As enacted, authorizes the City of McMinnville, by ordinance adopted by a two-thirds vote, to levy an occupancy tax of not more than 2.5 percent on the privilege of staying in any hotel or motel in McMinnville; the ordinance must 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 development. - Amends amend TCA Section 67-4-1425.
Effective date(s) 04/24/2017