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 Oklahoma Hotel Tax Exempt Form 2005

Oklahoma Hotel Tax Exempt 2005-2025 Form

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YEAH GUYS. THAT'S RIGHT. THIS HOTEL TAX INCREASE WILL BE UP TO VOTERS IF IT MOVES THROUGH CITY COUNCIL. THIS PUBLIC COMMENT MEETING TOMORROW IS MEANT TO HELP THE OKLAHOMA CITY COUNCIL DECIDE IF THAT WILL HAPPEN. AND HERE'S HOW THE PROPOSED HOTEL TAX INCREASE WOULD BREAK DOWN. CURRENTLY, THOSE WHO STAY IN AN OKC HOTEL MOTEL OR RENT A HOME VIA AIRBNB OR OTHER SERVICE PAY A 5.5% TAX. THE CITY IS LOOKING TO RAISE THAT TO 9.25%. IN ADDITION TO THE STATE SALES TAX AND THE CITY SALES TAX, HOTEL GUESTS WOULD PAY A TOTAL OF 17.875 IN TAXES FOR A $200 A NIGHT ROOM THAT BREAKS DOWN TO $35.75 IN TAXES. THE LARGEST PORTION OF THIS INCREASE IS REALLY FOCUSED TOWARDS MARKETING AND PROMOTION OF CONVENTION, AND TOURISM, AND THEN ALSO FOR OUR SPONSORSHIP FUNDS, VISIT OKC SAYS 25% OF THE FUNDS GO TOWARDS SPONSORING EVENTS AND IMPROVING THE FAIRGROUNDS, AND THE CONVENTION CENTER. OFFICIALS SAY THE PROPOSED INCREASE WOULD PUT OKC ON PAR WITH NEARBY METROS OF A SIMILAR SIZE, INCLUDING TULSA

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