Cherokee County Occupancy Tax Modifications.

This bill modifies the occupancy tax structure for lodging businesses in Cherokee County, North Carolina. It authorizes the county to levy a 3% tax on room rentals and allows for an additional 3% tax on top of that rate. Revenue collected from these taxes must be managed by a newly established Tourism Development Authority composed of seven members representing local businesses and tourism interests. The authority is required to use at least two-thirds of the funds to promote travel and tourism within the county. The remaining funds may be used for other tourism-related expenditures, such as capital projects for lodging or convention facilities.