AN ACT RELATIVE TO THE ROOM OCCUPANCY EXCISE TAX IN THE TOWN OF PROVINCETOWN.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:
SECTION 1. Chapter 178 of the acts of 1996 is hereby amended by striking out section 2 and inserting in place thereof the following section:-
Section 2. Thirty-five per cent of the excise collected under section 3A of chapter 64G of the General Laws by the town of Provincetown for the fiscal year beginning July 1, 2010 and each fiscal year thereafter shall be credited to the Tourism Fund established under section 1 without further appropriation.
SECTION 2. Chapter 391 of the acts of 1998 is hereby amended by striking out, in line 1, the figure “19.125” and inserting in place thereof the following figure:- 13.
SECTION 3. Twenty-five per cent of the excise collected under section 3A of chapter 64G of the General Laws by the town of Provincetown for the fiscal year beginning July 1, 2010 and each fiscal year thereafter shall be credited without further appropriation to the special purpose stabilization fund for capital improvements established under section 5B of chapter 40 of the General Laws by the town pursuant to the vote under Article 9 of the April 5, 2010 special town meeting.
SECTION 4. Twenty-seven per cent of the excise collected under section 3A of chapter 64G of the General Laws by the town of Provincetown for the fiscal year beginning July 1, 2010, and each fiscal year thereafter, shall be credited to the town’s General Fund.
SECTION 5. This act shall take effect upon its passage.
Approved, November 23, 2010.