Tax & Accounting Blog

Senator Pushes For City Approval On Occupation Taxes

Indirect Tax, ONESOURCE, Sales and Use Tax February 13, 2012

A Nebraska Senator has introduced a bill (LB745) that would require cities to take a vote on approving occupancy taxes.  If approved, cities would impose a tax on certain businesses, services and products such as hotel rooms, rental cars, and meals in restaurants.  The bill would also require a city to state the specific purpose for the tax revenue that would be generated, should voters approve it.  For cities that currently impose an occupancy tax, such as Lincoln, typical rates range between 1% and 4%.

 

Source: http://journalstar.com/news/local/govt-and-politics/senator-wants-cities-to-get-voter-approval-on-occupation-taxes/article_ed6ce5d1-84b2-5abc-855a-54b1751713a3.html

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