§237D-2 - Imposition and rates.

§237D-2 Imposition and rates. [Repeal
and reenactment on June 30, 2015. L 2009, c 61, §4.] (a) There is levied
and shall be assessed and collected each month a tax of:

(1) Five per cent for the period beginning on January
1, 1987, to June 30, 1994;

(2) Six per cent for the period beginning July 1,
1994, to December 31, 1998; and

(3) 7.25 per cent for the period beginning on January
1, 1999, and thereafter;

on the gross rental or gross rental proceeds derived
from furnishing transient accommodations.

(b) There is levied and shall be assessed and
collected each month an additional:

(1) One per cent for the period beginning July 1,
2009, to June 30, 2010; and

(2) Two per cent for the period beginning July 1,
2010, to June 30, 2015;

on the gross rental or gross rental proceeds derived
from furnishing transient accommodations. The rate levied and assessed under
this subsection shall be additional to the rate levied and assessed under
section 237D-2(a)(3).

(d) There is levied and shall be assessed and
collected each month on the occupant of a resort time share vacation unit, a
transient accommodations tax of 7.25 per cent on the fair market rental value.

(e) Every plan manager shall be liable for and
pay to the State the transient accommodations tax imposed by subsection (d) as
provided in this chapter. Every resort time share vacation plan shall be
represented by a plan manager who shall be subject to this chapter. [L 1986, c
340, pt of §1; am L 1988, c 241, §3; am L Sp 1993, c 7, §18; am L 1998, c 156,
§16; am L 2009, c 61, §1]

Attorney General Opinions

Rental of hotel rooms to airlines for term of 180 days is not
taxable. Att. Gen. Op. 90-6.

Case Notes

One per cent increase in transient accommodations tax
earmarked for financing expenses associated with convention center development
and construction qualified as a "user tax". 78 H. 157, 890 P.2d
1197.