All Acronyms. IPBC [Internet]; Jan 18, 2018 [cited 2018 Jan 18]. Available from: http://www.allacronyms.com/IPBC. MHRA 'IPBC', All Acronyms, 18 January 2018, <http://www.allacronyms.com/IPBC> [accessed 18 January 2018] Bluebook All Acronyms, IPBC (Jan. 18, 2018, 9:01 AM), available at http://www.allacronyms.com/IPBC. CSE All Acronyms. IPBC [Internet]; January 18, 2018 [cited 2018 JAN 18]. Available from: http://www.allacronyms.com/IPBC.
Mecklenburg County's Occupancy Tax Ordinance provides for a tax on an accommodation within Mecklenburg County that is subject to sales tax imposed by the State of North Carolina under Section 105-164.4(a)(3) of the North Carolina General Statutes.
Transient Occupancy Tax. The Transient Occupancy Tax (TOT), also known as the hotel bed tax, is paid for the occupancy of a guest room. The tax is collected by the operator from each transient with the room payment and, subsequently, remitted to the City of Long Beach. The current rate of tax is 12% (twelve percent) of the rent, half of which is paid to the General Fund and half is paid to the Special Advertising and Promotion Fund. (Please refer to the Long Beach Municipal Code (LBMC) for definitions of hotel, guest room, operator, transient and rent).