91A.392 Levy of additional transient room tax by consolidated local government or county containing city of the first or second class -- Exceptions -- Required repeal of tax upon retirement of bonds.
<br><br> <br>Page 1 of 1 <br>91A.392 Levy of additional transient room tax by consolidated local government or <br>county containing city of the first or second class -- Exceptions -- Required <br>repeal of tax upon retirement of bonds. <br>(1) In addition to the three percent (3%) transient room tax authorized by KRS 91A.390 <br>and the one percent (1%) transient room tax authorized by KRS 153.440, a <br>consolidated local government, or the fiscal court in a county containing a city of <br>the first or second class, except those counties that are included in a multicounty <br>tourist and convention commission under KRS 91A.350, may levy an additional <br>transient room tax not to exceed two percent (2%) of the rent for every occupancy <br>of a suite, room, or rooms charged by all persons, companies, corporations, or other <br>similar persons, groups, or organizations doing business as motor courts, motels, <br>hotels, inns, or similar accommodations businesses. <br>(2) All money collected from the tax authorized by this section shall be applied toward <br>the retirement of bonds issued pursuant to KRS 91A.390(8) to finance in part the <br>expansion or construction or operation of a governmental or nonprofit convention <br>center or fine arts center useful to the promotion of tourism located in the central <br>business district of the consolidated local government or the city of the first or <br>second class located in the county. <br>(3) After the retirement of the bonds provided for in this section, the additional <br>transient room tax levied pursuant to this section shall be void, and the consolidated <br>local government or fiscal court shall take action to repeal the ordinance which <br>levied the tax. <br>Effective: July 15, 2002 <br>History: Amended 2002 Ky. Acts ch. 167, sec. 2, effective July 15, 2002; and ch. 346, <br>sec. 105, effective July 15, 2002. -- Amended 2000 Ky. Acts ch. 154, sec. 1, effective <br>July 14, 2000; and ch. 344, sec. 7, effective July 14, 2000. -- Amended 1998 Ky. <br>Acts ch. 372, sec. 9, effective July 15, 1998. -- Created 1994 Ky. Acts ch. 505, <br>sec. 2, effective July 15, 1994. <br><br>