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 Ringgold
 Code of Ordinances
 Chapter 62. TAXATION
 Article VII. HOTEL-MOTEL EXCISE TAX

  § 62-312. Use of revenue.  

Latest version.

  • (a)

    Pursuant to O.C.G.A. § 48-13-51(b)(5)(A), an amount equal to not less than 50 percent of the total amount of taxes collected that exceed the amount of taxes that would be collected at the rate of five percent shall be expended for promoting tourism, conventions, and trade shows by the destination marketing organization, as defined in section 62-309 of this article, designated by the governing body of the city; and

    (b)

    Pursuant to O.C.G.A. § 48-13-51(b)(5)(B), the remaining amount of taxes collected that exceed the amount of taxes that would be collected at the rate of five percent which are not otherwise expended under section 62-312(a) of this article shall be expended for tourism product development, as defined in section 62-309 of this article; and

    (c)

    Pursuant to O.C.G.A. § 48-13-51(a)(3), the amount of taxes that would be collected at the rate of five percent, as referenced in section 62-312(a) and (b) of this article, an amount equal to the amount by which the total taxes collected under this code section exceed the taxes which would be collected at a rate of three percent for the purpose of: (A) promoting tourism, conventions, and trade shows; (B) supporting a facility owned or operated by a state authority for convention and trade show purposes or any other similar or related purposes; (C) supporting a facility owned or operated by a local government or local authority for convention and trade show purposes or any other similar or related purposes, if a written agreement to provide such support was in effect on January 1,1987, and if such facility is substantially completed and in operation prior to July 1, 1987; (D) supporting a facility owned or operated by a local government or local authority for convention and trade show purposes or any other similar or related purposes if construct ion of such facility is funded or was funded prior to July 1, 1990, in whole or in part by a grant of state funds or is funded on or after July 1, 1990, in whole or substantially by an appropriation of state funds; (E) supporting a facility owned by a local government or local authority for convention and trade show purposes and any other similar or related purposes if construction of such facility is substantially funded or was substantially funded on or after February 28, 1985, by a special county 1 percent sales and use tax authorized by O.C.G.A. tit. 48, ch. 8, art. 3, as amended and if such facility was substantially completed and in operation prior to December 31, 1993; or; or (F) for some combination of such purposes. Amounts so expended shall be expended only through a contract or contracts with the state, a department of state government, a state authority, a convention and visitors bureau authority created by local act of the general assembly for a municipality, or a private sector nonprofit organization, or through a contract or contracts with some combination of such entities, except that amounts expended for purposes of subparagraphs (C) and (D) of O.C.G.A. § 48-13-51(a)(3) may be so expended in any otherwise lawful manner.

(Ord. No. 2018-0514-01, § 1, 5-14-18)