View Amendment Current Amendment: 1 to Bill 437 The Committee on Ways and Means proposes the following Amendment No. 1 to S. 437 (COUNCIL\DKA\437C003.DKA.DG14):

Reference is to Printer's Date 6/4/13--S.

Amend the bill, as and if amended, by adding an appropriately numbered SECTION to read:

/ SECTION __.      Section 12-36-920(A) of the 1976 Code, as last amended by Act 56 of 2005, is further amended to read:

     "(A)      A sales tax equal to seven percent is imposed on the gross proceeds derived from the rental or charges for any rooms, campground spaces, lodgings, or sleeping accommodations furnished to transients by any hotel, inn, tourist court, tourist camp, motel, campground, residence, or any place in which rooms, lodgings, or sleeping accommodations are furnished to transients for a consideration. This tax does not apply:
           (1)      where the facilities consist of less than six sleeping rooms, contained on the same premises, which is used as the individual's place of abode; or
           (2)      to gross proceeds from rental income wholly excluded from the gross income of the taxpayer pursuant to Internal Revenue Code Section 280A(g) as that code is defined in Section 12-6-40(A).
     The gross proceeds derived from the lease or rental of sleeping accommodations supplied to the same person for a period of ninety continuous days are not considered proceeds from transients. The tax imposed by this subsection (A) does not apply to additional guest charges as defined in subsection (B)." /

Amend the bill further, page 2, beginning on line 18, by striking subsection C. and inserting:

/ C. This SECTION takes effect upon approval by the Governor and applies to property tax years beginning after property tax year 2014. /

Renumber sections to conform.
Amend title to conform.