(A) Pursuant to the provisions of Tenn. Code Ann. § 67-4-1401 et seq, and specifically 567-4-1402 as amended by Public Chapter 496, there is hereby levied a privilege of occupancy tax in any hotel of each transient. From and after the operative date of this chapter the rate of the levy shall be 4% of the consideration charged by the operator. This privilege tax shall be collected pursuant to and subject to the provisions of state law. The City Administrator or his/her designee shall be designated the authorized collector to administer and enforce this chapter.
(B) The proceeds received from this tax must be allocated to and placed in the general fund or other fund of the city and used exclusively for the promotion of Tourism and Tourism Development.
(Ord. 21-19B, passed 8-16-2021)