Post by Logan on Jun 3, 2016 3:24:30 GMT -6
A one cent sales tax that has raised millions of dollars to market Myrtle Beach as a tourism destination to out-of-state visitors was initially killed by Gov. Nikki Haley, but resurrected by the state assembly this week in the waning hours of the legislative session.
The action allows the Myrtle Beach City Council to extend the sales tax beyond 2019 without going to the voters as a referendum.
The sales tax has funneled millions of dollars into the Myrtle Beach Area Chamber of Commerce, which received 100 percent of the funds the first two years after it was enacted in 2009 to pay for tourism advertising.
The City of Myrtle Beach then received a 20 percent split from the proceeds, of which nearly $18 million was set aside as tax credits for resident property owners and more than $8.5 million was used for tourism-related capital improvement projects, according to Mark Kruea, Myrtle Beach spokesman. The other 80 percent raised roughly $20 million a year for the chamber, said that organization’s president, Brad Dean.
Read more here: www.myrtlebeachonline.com/news/local/article81429172.html
The action allows the Myrtle Beach City Council to extend the sales tax beyond 2019 without going to the voters as a referendum.
The sales tax has funneled millions of dollars into the Myrtle Beach Area Chamber of Commerce, which received 100 percent of the funds the first two years after it was enacted in 2009 to pay for tourism advertising.
The City of Myrtle Beach then received a 20 percent split from the proceeds, of which nearly $18 million was set aside as tax credits for resident property owners and more than $8.5 million was used for tourism-related capital improvement projects, according to Mark Kruea, Myrtle Beach spokesman. The other 80 percent raised roughly $20 million a year for the chamber, said that organization’s president, Brad Dean.
Read more here: www.myrtlebeachonline.com/news/local/article81429172.html