5-840. Tax on hotels
A. The qualified electors residing in the authority, by majority vote at an
election held in the authority, may levy and, if levied, the department of revenue shall
collect a tax on the gross proceeds of sales or gross income from the business of every
person engaging or continuing in a business taxed under title 42, chapter 5 and
classified under section 42-5070 within the authority. A tax under this section is in
addition to the tax imposed by title 42, chapter 5 and any tax imposed by a city or town
in the authority.
B. If levied, the tax shall be levied under this section beginning on the first day
of the first month beginning ninety days after the election to levy the tax. The tax
shall be in effect for three hundred sixty months.
C. The rate of the tax is one per cent of the tax base prescribed by section
42-5070.
D. Unless the context otherwise requires, section 42-6102 governs the
administration of the tax imposed under this section.
E. Each month the state treasurer shall transmit the net revenues collected
pursuant to this section to the authority for deposit in the tourism revenue clearing
account established by section 5-835.
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