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MS SB3117
Bill
AI Summary
- Authorizes the City of Fulton, Mississippi, to levy a tax of up to 3% on gross proceeds from hotel and motel room rentals, applicable to establishments with six or more guest rooms
- Tax revenue must be dedicated exclusively to promoting tourism and parks and recreation in the City of Fulton and cannot be treated as general fund revenue
- The Mississippi Department of Revenue collects the tax and retains 3% of proceeds to cover collection costs, remitting the remainder to the city by the 15th of the following month
- Requires approval by at least 60% of qualified electors voting in a special election, preceded by public notice published once weekly for at least three consecutive weeks
- Requires separate accounting of tax receipts and expenditures from general and other city funds, with an annual audit by an independent certified public accountant
Legislative Description
City of Fulton; authorize a tax on hotels and motels.
Last Action
Died In Committee
4/28/2010
Full Bill Text
No bill text available