On September 22, 2015, the Truckee Town Council adopted a Resolution of Formation for a Truckee Tourism Business Improvement District (TTBID), led by the Truckee Chamber of Commerce.
This benefit assessment district helps fund marketing and sales promotion efforts to improve tourism with the specific benefit of generating additional room night sales.
As of October 1, 2015, the TTBID Committee added a 2% assessment on all short-term rentals, which is collected by the property owner or manager in addition to the Transient Occupancy Tax (TOT). Amounts are remitted to the Town of Truckee, which is then made available to the Truckee Chamber of Commerce as facilitators of budget expenditures on behalf of TTBID. The TTBID Management Committee is responsible for determining its use in accordance with its enabling Management Plan.
TTBID’s mission is to broaden the appeal of Truckee in order to increase average daily rate (ADR) and occupancy rates, thereby increasing TOT Tax Revenue and TTBID Marketing Funds for the overall economic benefit of our community.