Wednesday, April 3, 2013

Aldermen Adopt Resolution for Local Hotel Tax

The Louisville Board of Aldermen adopted a resolution to impose a 2% tax levied on the gross proceeds from room rentals of all hotels and motels located in the city. In Tuesday night’s meeting, the Board unanimously adopted a resolution pursuant to House Bill 1595. However, before the levy can take effect, it must be voted upon by the citizens of Louisville.

The adoption of the resolution allows the issue to be placed upon the general election ballot for city elections scheduled on June 4. The referendum must be approved by 60% of the public and the resolution must be submitted to the US Department of Justice under Section 5 of the Voting Rights Act.

Approval from the DOJ is expected prior to the general election; however the election will take place regardless of prior approval. Once approved by the DOJ and the voters, the tax levy will take effect as of August 1, 2013.

The full text and a printable version of the resolution can be found in the previous post to the City's weblog.