NC - May occupancy tax revenue tops $1M for first time, doubles 2020 collections
With May occupancy tax revenue more than doubling revenue from the tax in May 2020, Carteret County has set monthly records for an entire year.
EMERALD ISLE — With May occupancy tax revenue more than doubling revenue from the tax in May 2020, Carteret County has set monthly records for an entire year.
In an email Wednesday, Carteret County Shore Protection Office director Greg Rudolph said collections from the 6% tax on lodgings for May totaled $1,129,887, a 112% increase over the $533,963 collected in May 2020 and 97% percent higher than the previous record for the month, $574,112 in May 2017.
“This is … obviously the first time the May collection has eclipsed the $1,000,000 mark,” Mr. Rudolph said in the email. “This pushes our ‘million-dollar month’ total to five out of 12 (May, June, July, August, and September), while in 2019 and in many years prior, the maximum million-dollar month tally was three for any given year (June, July, and August).”
Mr. Rudolph, whose office oversees beach nourishment projects that benefit from one half of the occupancy tax revenues – the other half goes to tourism promotion – said he believes the record-setting trend will continue through this summer, and maybe through the end of the calendar year before leveling off.
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