(A) Restaurant taxes collected in the city shall only be expended within the guidelines of KRS 91A.350. The Tourism Commission shall retain 50% of the tax receipts and the city shall receive 50% of the tax to be used for tourism-related “quality of life” initiatives in the city. These initiatives shall be reviewed by the Tourism Board to ensure the activity falls within KRS 91A.350. Potential “quality of life” initiatives that directly impact the tourism industry include, but are not limited to, the following: Fall Festival, Light Up Simpsonville, downtown development, and anything that promotes tourism in Simpsonville.
(B) The Tourism Commission will remit a check each month to the city for 50% of the restaurant taxes collected in Simpsonville along with a report and the city will deposit those monies in a separate account entitle “Simpsonville Tourism Development Account.” These monies will be used for tourism-related “quality of life” initiatives. The city would then submit an accounting of those monies monthly to the Tourism Commission.
(Ord. 2014-002, passed 2-6-2014)