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A BILL TO BE ENTITLED AN ACT to increase the occupancy tax rate authorized for Haywood county. The General Assembly of North Carolina enacts: SECTION 1. Part V of Chapter 908 of the 1983 Session Laws,
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Occupancy tax, also known as vacation rental tax or transient occupancy tax, is a tax imposed on guests who rent accommodations for a short period, typically in tourist areas.
Property owners, landlords, and businesses that provide short-term rental accommodations are required to file occupancy tax.
To fill out occupancy tax, you typically need to complete a designated form provided by your local tax authority, report the rental income, number of nights rented, and applicable tax rate.
The purpose of occupancy tax is to generate revenue for local governments, which can be used for public services, tourism promotion, and infrastructure improvements.
Information that must be reported includes the total rental income, number of occupants, number of nights rented, and the calculated tax amount.
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