HB534: HB534 Fairburn, City of; levy an excise tax

25 LC 61 0079/AP House Bill 534 (AS PASSED HOUSE AND SENATE) By: Representatives Jackson of the 68th and Glaize of the 67th A BILL TO BE ENTITLED AN ACT To authorize the governing authority of the City of Fairburn to levy an excise tax pursuant1 to subsection (b) of Code Section 48-13-51 of the O.C.G.A.; to provide procedures,2 conditions, and limitations; to provide for related matters; to repeal conflicting laws; and for3 other purposes.4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:5 SECTION 1.6 Pursuant to the authority of subsection (b) of Code Section 48- 13-51 of the O.C.G.A., the7 governing authority of the City of Fairburn is authorized to levy an excise tax at a rate not8 to exceed 8 percent of the charge for the furnishing for value to the public of any room or9 rooms, lodgings, or accommodations furnished by any person or legal entity licensed by, or10 required to pay business or occupation taxes to, the municipality for operating a hotel, motel,11 inn, lodge, tourist camp, tourist cabin, campground, or any oth er place in which rooms,12 lodgings, or accommodations are regularly or periodically furnished for value.13 H. B. 534 - 1 - 25 LC 61 0079/AP SECTION 2.14 The enactment of this Act is subsequent to the adoption of a re solution by the governing15 authority of the City of Fairburn on January 13, 2025, which sp ecifies the subsequent tax16 rate, identifies the projects or tourism product development pu rposes, and specifies the17 allocation of proceeds.18 SECTION 3.19 In accordance with the terms of such resolution adopted by the mayor and council of the City20 of Fairburn:21 (1) In each fiscal year during which a tax is collected pursua nt to paragraph (2) of22 subsection (b) of Code Section 48-13-51 of the O.C.G.A., an amo unt equal to not less23 than 50 percent of the total amount of taxes collected that exc eeds the amount of taxes24 that would be collected at the rate of 5 percent shall be expended for promoting tourism,25 conventions, and trade shows by the destination marketing organization designated by the26 City of Fairburn or by such other entity already authorized to administer tourism funds27 pursuant to existing contract as specified in paragraph (2) of subsection (e) of Code28 Section 48-13-51 of the O.C.G.A.; and29 (2) The remaining amount of taxes collected that exceeds the amount of taxes that would30 be collected at the rate of 5 percent which is not otherwise expended under paragraph (1)31 of this section shall be expended for tourism product development.32 SECTION 4.33 All laws and parts of laws in conflict with this Act are repealed.34 H. B. 534 - 2 -