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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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LOCAL GOVERNMENT |
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DIVISION IV. LOCAL FINANCE |
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TITLE 20. TAXES AND DEVELOPMENT IMPACT FEES |
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SUBTITLE 4. HOTEL RENTAL TAXES |
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PART I. COUNTY HOTEL RENTAL TAXES |
§ 20-422. Revenue distribution -- Wicomico County
Latest version.
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Wicomico County shall distribute the hotel rental tax revenue as follows:
(1) a reasonable sum for hotel rental tax administrative costs, not to exceed 5%, to the general fund of the county;
(2) if the county authorizes a hotel rental tax rate of 6%:
(i) 16.7% of the revenue to the Salisbury Zoological Park; and
(ii) 16.7% of the revenue to the Wicomico County Youth and Civic Center to be used for its improvement and renovation; and
(3) the remaining balance to the general fund of the county to underwrite the Wicomico County Convention and Visitors Bureau.