Panama City Beach To Receive Bed Tax Increase
Written By: Chad On: 15th January 2009 Under: Panama City Condos
A bed tax is a levy imposed by local government on hotels and resorts within its area. Basically, it’s another way for the local governments to raise taxes without hurting the pockets of local residents. Since the TDC voted last month to raise the bed tax from 3 cents to 5 cents, will this hurt Panama City Beach’s tourism industry?
Probably not. In an article by WMBB News Channel 13, Mark Jenkins, tells us that during peak season at Legacy By The Sea, a room might be $174.00. If the Bay County Commissions approve the increase that one night at Legacy will be $177.00. Hardly noticable and I doubt anyone would fray from coming here because of $3 to $5 a day.
The article goes on to tell us exactly how they will use this extra 2 cents and it goes like this:
- The first cent will go towards marketing our area and attracting new airlines for the new Bay County International Airport.
- Half of the second cent will go towards beach cleaning and safety awareness.
- The other half of the second cent will go towards an interest-bearing reserve fund for future projects.
[image courtesy of roomic cube on Flickr]