Presentation is loading. Please wait.

Presentation is loading. Please wait.

(Proposition 1). Lodging taxes have become more the “norm” than the exception in most large cities and towns nationwide.

Similar presentations


Presentation on theme: "(Proposition 1). Lodging taxes have become more the “norm” than the exception in most large cities and towns nationwide."— Presentation transcript:

1 (Proposition 1)

2

3 Lodging taxes have become more the “norm” than the exception in most large cities and towns nationwide.

4 The lodging tax paid by guests staying at hotels within those communities help enhance the city’s local economy.

5 Mustang does not currently have a lodging tax.

6 This is not a tax that a resident of Mustang would pay.

7

8 Visitors lodging in Mustang would pay this tax when staying in a "dwelling unit used for temporary overnight human occupancy" for business, pleasure, or recreational purposes.

9 This includes overnight rental of spaces used for parking recreational vehicles during periods of human occupancy.

10 This is not a tax that a resident of Mustang would pay.

11

12 Certain individuals are exempt from the tax provided adequate documentation is submitted verifying their exemption.

13 Those People Include: Permanent residents of Mustang The United States government or any agency or division thereof when paid directly by the United States government The State of Oklahoma or any political subdivision thereof when paid directly by the State of Oklahoma or any political subdivision

14 This is not a tax that a resident of Mustang would pay.

15 Revenues are not “earmarked” but, instead, are committed to the General Fund. The City Council can decide where to best spend the money after it is collected annually through the budget process.

16 The tax is 5 (five) percent of the lodging fee, paid by the guest at the time of service. This tax is applicable to the entire lodging rate, but not applied to any optional amenities or services, as these would not be included in the tax, but may be subject to sales or use tax.

17 This is not a tax that a resident of Mustang would pay.

18 If approved on the upcoming ballot, collections will begin on December 1, 2014 at Midnight

19 Hotel taxes may be deductable on federal and/or state returns if they are ordinary and necessary expenses of your trade or business or of producing income. For more information, see IRS Publication 535, Business Expenses, or consult a professional tax preparer.

20 Tulsa 5% Oklahoma City 5.5% Yukon 5% El Reno 4.5% Norman 4% Stillwater 4% Bethany 5.5% Ardmore 5% Elk City 5% Chickasha 5% Claremore 5% Del City 3.5% Guthrie 4% Lawton 5% Midwest City 5% Muskogee 8% Perry 8% Ponca City 8% Sand Springs 7% Woodward 6%

21 This is not a tax a resident of Mustang would pay.

22 As long as you are a resident of Mustang, and registered to vote no later than October 10, 2014 You can vote. As long as you are a resident of Mustang, and registered to vote no later than October 10, 2014 You can vote.

23

24 The polls will be open from 7:00 AM – 7:00 PM The polls will be open from 7:00 AM – 7:00 PM


Download ppt "(Proposition 1). Lodging taxes have become more the “norm” than the exception in most large cities and towns nationwide."

Similar presentations


Ads by Google