§ 270-2. Levy of tax.

The Tourism Improvement and Development District hereby created is authorized to levy taxes upon predominantly tourism-related retail receipts at a rate of 2% for the purpose of increasing public revenue and to devote the proceeds from said tax to the purposes described in N.J.S.A. 40:54D-1 et seq., as the same may be amended from time to time. The provisions of this section shall take effect on the first day of the first full month occurring 90 days after the date of the transmittal of a copy of this article to the Treasurer of the State of New Jersey, provided that the same has been duly adopted and is in full force and effect.