The bill authorizes the Tallapoosa County Commission to levy a lodging tax of 10 percent on the rental of rooms and accommodations in the unincorporated areas of the county. This tax applies to businesses providing lodging to transients, with the exception of areas also under the jurisdiction of a municipality that imposes a lodging tax, where the county's tax rate will be adjusted accordingly. The bill outlines exemptions from the tax, including charges for long-term rentals (30 days or more) and accommodations primarily intended for permanent residence.

Additionally, the bill establishes procedures for the collection and administration of the tax, including reporting requirements for businesses and penalties for late payments. It allows the county to contract with an agent for tax collection, with the agent permitted to deduct a fee from the collected proceeds. The net proceeds from the tax will be deposited into the Tallapoosa County General Fund for lawful county purposes. The act is set to take effect immediately upon passage and approval by the Governor.