ORDINANCE NO. BL2015-1056

An ordinance amending Chapter 5.12 of the Metropolitan Code to dedicate a portion of the transient occupancy privilege taxes generated by short term rental properties to the Barnes Fund for Affordable Housing.

BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:

Section 1. Section 5.12.060 of the Metropolitan Code is hereby amended by adding the following provision at the end of subsection A.4.:

“Effective July 1, 2015, the portion of transient occupancy privilege tax revenue deposited into the general fund that was generated by short term rental properties regulated under chapter 6.28 of the metropolitan code shall be exclusively dedicated for appropriation to the Barnes Fund for Affordable Housing established pursuant to Substitute Ordinance No. BL2013-487.”

Section 2. That this Ordinance shall take effect immediately after its passage, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.

Sponsored by: Burkley Allen, Megan Barry, Tim Garrett, Lonnell Matthews, Peter Westerholm, Scott Davis, Karen Johnson, Anthony Davis, Erica Gilmore

LEGISLATIVE HISTORY
Introduced:	March 17, 2015
Passed First Reading:	March 17, 2015
Referred to:	Budget & Finance Committee
Passed Second Reading:	April 7, 2015
Passed Third Reading:	April 21, 2015
Approved:	April 22, 2015
By:

Requests for ADA accommodation should be directed tothe Metropolitan Clerk at 615/862-6770.