Bill passes NC Legislature creating new hotel tax formula for Buncombe

ASHEVILLE – More money will go to Buncombe County projects and less to advertising after a bill passed the North Carolina Legislature July 1 altering the way occupancy tax revenue is divided.

Before the local bill’s passage, the county’s hotel and other room occupancy tax dollars, which go to the Buncombe County Tourism Development Authority, were split 75%-25% between marketing and projects.

More:Bill to change local tourism distribution formula entered in Raleigh

Now the money will be split 66%-33%, with more going toward the Tourism Product Development Fund, which funds projects and venues that can result in visitors staying in the area longer.

Buncombe County’s 2023 fiscal year budget has $46 million slated to go toward the hotel occupancy tax fund.

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