Madison County Adds 2 Percent Tourist Development Tax Beginning January 1, 1999
Effective January 1, 1999, sales tax dealers in Madison County must begin collecting a 2 percent tourist development tax for transient rental transactions occurring within the county. This increase is the result of voter approved Ordinance No. 98-96. The combined tax rate for Madison County transient rentals will be 9.0 percent. This consists of:
6.0% - State sales tax
The tourist development tax must be collected by every person in Madison County who rents, leases, or lets for consideration any living quarters or accommodations in any hotel, motel, apartment house, multiple unit structure (e.g., duplex, triplex, condominium), rooming house, tourist or mobile home court (trailer court, R.V. camp, etc.), single family dwelling, garage apartment, beach house or cottage, cooperatively owned apartment, condominium parcel or mobile home for a term of six months or less. These taxable transactions are defined as "transient rentals." Transient rentals that are exempt from sales tax are also exempt from the tourist development tax.
The tourist development tax will be administered by the Department of Revenue. All monies collected for this tax should be remitted and reported to the Department along with the state sales tax and discretionary sales surtax monies on your Sales and Use Tax Return for January and all subsequent returns.
The 1999 Monthly Sales and Use Tax Returns booklets will be mailed in late December. If you have another filing schedule, you should receive your return at the usual time.
Ordinance No. 98-96