Monday, March 8, 2010

Georgia House Approves Extension of Hotel Tax

Courtesy The Associated Press

ATLANTA (AP) -- In an overture to keep the Falcons in downtown Atlanta, the Georgia House has approved an extension of the hotel tax until 2050. The additional money could be used to help build a new football stadium.

The 7 percent tax levied on hotels and motels in Atlanta was set to expire in 2020. The tax helps pay debt service for the Georgia Dome, where the Falcons play their home games.

The 30-year extension is contingent upon the Falcons remaining at the dome, which is overseen by the state's Georgia World Congress Center Authority.

There's been talk of the Falcons abandoning the 18-year-old dome for the suburbs. The bill's sponsor, state Rep. Mark Burkhalter, a Johns Creek Republican, said it sends the team a signal that officials want them to stay put.

It passed the House 151-13 on Monday.

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