KRS 153.450: Levy of additional transient room taxes by urban -county government --

Restrictions on use of proceeds -- Sunset.

(1) In addition to the four percent (4%) transient room tax authorized by KRS

91A.390(1)(b)2., an urban -county government may l evy an additional transient

room tax not to exceed two percent (2%) of the rent for every occupancy of a suite,

room, rooms, cabins, lodgings, campsites, or other accommodations charged by any

hotel, motel, inn, tourist camp, tourist cabin, campgrounds, re creational vehicle

parks, or other place in which accommodations are regularly furnished to transients

for a consideration or by any person that facilitates the rental of the

accommodations by brokering, coordinating, or in any other way arranging for the

rental of the accommodations for consideration.

(2) All additional moneys collected from the tax authorized by subsection (1) of this

section shall be applied toward the retirement of bonds used to finance a nonprofit

corporation which is created for the f unding, construction, and management of a

convention center in an urban -county, and to defray the operating costs of the

nonprofit corporation.

(3) (a) As used in this subsection, "project" means the renovation, expansion, or

improvement of a convention center on or after July 15, 2016.

(b) In addition to the levy authorized by subsection (1) of this section, an urban -

county government may levy an additional transient room tax not to exceed

two and one-half percent (2.5%) to provide funding for a project.

(c) Proceeds from the levy shall be used only for the direct expenditure for, or

repayment of debt associated with, the project.

(d) The levy shall sunset upon completion of the project and repayment of all

associated debt.

(4) The taxes imposed under this section shall not apply to rooms, lodgings, campsites,

or accommodations supplied for a continuous period of thirty (30) days or more to a

person.