antalya escort
beylikduzu escort bayan milf porno
hd porno
brazzers ankara eryaman escort porno indir adana kozan escort brazzers
British Shorthair Cat
erzurum escort
konyaalti escort istanbul escort sirinevler escort antalya escort
League of California Cities
Home > News > News Articles > 2015 > March > Two Assembly Legislative Committees to Discuss TOT and the Home-Sharing Economy at Wednesday Hearing
News Feed

Two Assembly Legislative Committees to Discuss TOT and the Home-Sharing Economy at Wednesday Hearing

March 17, 2015
The Assembly Local Government and Revenue and Taxation Committees tomorrow will hold a hearing on transit occupancy taxes (TOT) and the home-sharing phenomenon.
The hearing begins at 1:30 p.m. in Room 4202 of the State Capitol.  This is an informational hearing on the application and collection of TOT at the local level.

Local agencies charge TOTs on hotel/motel rooms to support the local general fund and provide added revenues to fund police, fire, local streets and roads, and other local services. Typically the hotel collects the TOT and then remits it to the local agency. According to background materials prepared by the Assembly, TOTs on average provide approximately 7 percent of city general purpose revenues, but for some communities, the percentage may be substantially higher. More than 400 cities and 55 counties levy a TOT with rates ranging from 3.5 to 15 percent.
Tomorrow’s hearing will feature an overview of TOTs, home-sharing, short-term vacation rentals and other legal issues at the local level. League Fiscal Policy Advisor Michael Coleman and Michael Colantuono, partner with Colantuono, Highsmith and Whatley, LCC will be speaking. League Immediate Past President and San Francisco Treasurer José Cisneros will provide a case study from the city and county of San Francisco.
The agenda for tomorrow’s hearing has been posted on the Assembly website.
Information and resources are also available on the League’s vacation rental hot issue page.
The California Local Government Finance Almanac has information on TOTs under “Other Locally Adopted Revenues: Business Tax, Hotel Tax and Others.

© League of California Cities