SB851: Transient occupancy tax; reinstates authority of Arlington County to impose additional tax, etc.
SENATE BILL NO. 851
Be it enacted by the General Assembly of Virginia:
1. That 58.1-3822 of the Code of Virginia is amended and reenacted as follows:
58.1-3822. Additional transient occupancy tax.
In addition to such transient occupancy taxes as are
authorized by 58.1-3819 and 58.1-3820,
January 1, 1991, and ending January 1, 2012, Arlington
County may impose an additional transient occupancy tax not to exceed
one-fourth of one percent of the amount of the charge for the occupancy of any
room or space occupied. The revenues collected from the additional tax shall be
designated and spent for the purpose of promoting tourism and business travel
in the county. Such designated funds shall be in addition to the county's
previous budgeted amount for the promotion of tourism and business travel.