Proposed Rental Car Tax to Help Update Event Center

Voters in McLennan County, Texas, could decide whether to approve a $34.4 million renovation of Waco’s Extraco Events Center by enacting a rental car tax and hotel tax, according to a report by the Waco Tribune.

The proposal includes a 2% added tax on hotel and motel occupancy and a 5% added tax on rental cars, says the report.

The tax would affect visitors staying in hotels or renting vehicles in McLennan County. The taxes would fund the project targeted at attracting larger tournaments and exhibits to the Extraco Events Center, according to the report. Revenue from the tax could be used only to pay for sporting- or competition-related purposes.

“It creates a sustainable model that has the opportunity to be funded through a venue tax that would not tax residents in any way, but those who stay in hotel or motels or might rent cars,” Wes Allison, president and CEO of the Extraco Events Center, told the Waco Tribune.

County commissioners passed a resolution in support of fairground organizers’ plan for the renovation, says the report.

McLennan County, city of Waco, and Waco Independent School District leaders now await approval from the Texas Comptroller’s Office to ask residents to vote on the proposed taxes, says the report.

Click here for the full Waco Tribune report.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Safety Tech: Crash Avoidance or Sensory Overload?

As advanced safety technologies become even more pervasive on mainstream vehicles, are we creating “stupid drivers?"

Own the Fleet, Own the Future

In the dialogue surrounding new transportation paradigms, fleets have been off the public radar until recently. Here’s what’s going on, and a way for you to participate in the conversation.

Car Rental Rates Up, Fleet Sales Down — Correlation?

Car rental companies’ recent fleet discipline is needed now more than ever.

Job Finder: Access Top Talent. Fill Key Positions.

>