§ 40-20. Authority to levy tax.

(a)

The county is authorized to levy a privilege tax upon the privileges of occupancy in any hotel or short term rental unit of each transient in an amount not less than three percent nor more than five percent of the consideration charged by the operator. The tax so levied is a privilege tax upon the transient occupying the room or unit and is to be collected as provided in this article.

(b)

The rate of the tax levied under this article shall be adjusted annually by the board of county commissioners at the amount, between three percent and five percent inclusive, as the previous year's experience indicates is required to, as nearly as possible, pay all of the bonded indebtedness, principal and interest and the expenses of the bond sale or sales incurred by the county and/or municipality for the purposes set forth in this article.

(Code 1992, § 27-72; Priv. Acts 1969, ch. 131, § 2; Ord. No. 488, Exh. B.3, 8-13-2018)