Largest Single Tourist Development Tax Remittance Is Sent to County Commissioners
West Palm Beach, Fla. – Constitutional Tax Collector Anne M. Gannon announced today that she is forwarding $9,791,686.69 to the Palm Beach County Commissioners for the Tourist Development Taxes (TDT) collected in February and subsequently submitted to the tax collector in March. This is the largest single TDT remittance to the county that the tax collector has ever processed, and it signifies the health of the tourism industry here in Palm Beach County.
“It is extremely rewarding that we are able to provide this amount of funds to the county commission as it signals that our local tourism economy is thriving, even during our current COVID-19 environment,” said Gannon. She goes on to say, “these funds, which equal 6% of the total taxable rental receipts, are collected from anyone in Palm Beach County offering accommodations for six months or less and is in addition to sales tax.”
The TDT funds are used to further market and promote Palm Beach County tourism, which in turn generates revenue to help support cultural councils, beach restoration and more, lessening the burden on residents.
For additional information regarding the Tourist Development Tax, please visit the Palm Beach County Tax Collector’s website at www.pbctax.com/tourist-development-tax/.
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Wednesday, April 6, 2022
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