Stone Mountain Seeks State Approval to Raise Hotel-Motel Tax
What happened
Stone Mountain officials are seeking approval from the Georgia General Assembly to raise the city's hotel-motel tax from 5% to 8%. This tax is charged on overnight lodging and is intended to fund tourism-related purposes. City Manager Maggie Dimov stated that the city's current tourism funding is too limited to support the level of promotion desired. Preliminary estimates show the city could collect an additional $18,000 to $20,000.
From decaturish.com
Why it matters
The tax increase is designed to provide more funding for tourism promotion and marketing efforts. The revenue generated could allow Stone Mountain to increase its contribution to the DeKalb Visitors Bureau. This change in local revenue structure is subject to formal regulatory approval by the state of Georgia.
From decaturish.com
Who's involved
- Stone MountainCity seeking state approval to increase the hotel-motel tax.
- GeorgiaState whose legislative approval is required for the tax increase.
- DeKalb CountyCounty within which Stone Mountain is located.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Stone Mountain ParkSpeculative
Increased tax revenue might provide dedicated funding for tourism promotion efforts.
- DeKalb CountySpeculative
The increased tax rate might change the total revenue pool and its distribution to the county.
Keep exploring
The entities involved
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Stone Mountain
city in DeKalb County, Georgia, United States
Nothing else this week.
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DeKalb County
county in Georgia, United States