Amazon would get 15 percent of increased tax revenue from hotels in the area under a new proposal.
Amazon will receive 15 percent of any increase in the amount of hotel taxes Arlington County, Va. receives provided the company meets certain occupancy goals, according to the newly-released draft agreement for its second headquarters location there.
The draft agreement sheds light on the concessions Arlington made to Amazon to lure its business and 25,000 jobs to the area. Under the agreement, Amazon would receive 15 percent of any additional revenue the county receives from its"transient occupancy tax," or taxes on hotels and other lodgings, compared to its baseline, provided it increases the total square footage of its facilities to certain levels.
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