Hotel Tax Inches Closer
By 250 News
Monday, August 10, 2009 07:57 PM
Prince George, B.C. - The City is one step closer to imposing a 2% hotel room tax. Council has given the first three readings to a bylaw that would put the tax in place on January 1st of 2010.
Tourism Prince George expects the tax will collect about $480 thousand in it’s first year. Add that to the $327 thousand from the City and another $20 grand from Tourism B.C. and Tourism Prince George will have an annual budget of about $800 thousand to promote Prince George as a tourism destination.
When given final approval, the bylaw will be in effect for 5 years with an expectation of being renewed after that.
The Province of B.C. requires that the tax be supported by at least 50% of accommodation property owners that represent at least 50% of accommodation rooms in order for the tax application to be approved. Prince George has support of 57% of accommodation properties and 67% of accommodation rooms.
The next step would see an Order in Council passed by the B.C. Ministry of Finance.
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