State sales and use tax; Historic Triangle.
Creates a one percent state sales and use tax in the Historic Triangle. Fifty percent of the revenues will be used by the Williamsburg Area Destination Marketing Committee, through the creation of an office of marketing and promotion, to market, promote, and advertise the Historic Triangle as an overnight tourism
destination, and the other 50 percent will be distributed to the localities in which the revenues were collected. The bill defines the Historic Triangle as the City of Williamsburg and the Counties of James City and York, an area of historic significance that generates substantial employment and economic benefit for the Commonwealth. The bill removes the authority of these localities to impose the current $2 transient occupancy tax used to promote tourism in the area. The bill is contingent on the City of Williamsburg repealing recent ordinances raising the local transient occupancy, food and beverage, and admission taxes and will expire if the City of Williamsburg reinstates such taxes in the future.