153.450 Levy of additional transient room tax by urban-county government. - Kentucky Statutes

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153.450 Levy of additional transient room tax by urban-county government. (1) In addition to the four percent (4%) transient room tax authorized by KRS 91A.390 an urban-county government may levy an additional transient room tax not to
exceed two percent (2%) of the rent for every occupancy of a suite, room, or rooms,
charged by all persons, companies, corporations, or other like or similar persons,
groups, or organizations doing business as motor courts, motels, hotels, inns, or like
or similar accommodations' businesses. (2) All additional moneys collected from the tax authorized by subsection (1) of this section shall be applied toward the retirement of bonds used to finance a nonprofit
corporation which is created for the funding, construction, and management of a
convention center in an urban-county, and to defray the operating costs of the
nonprofit corporation. Effective: July 14, 2000
History: Amended 2000 Ky. Acts ch. 158, sec. 1, effective July 14, 2000. -- Amended 1986 Ky. Acts ch. 11, sec. 2, effective July 15, 1986. -- Created 1980 Ky. Acts
ch. 382, sec. 7, effective April 9, 1980.