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MS SB3118
Bill
AI Summary
- Authorizes the Town of Byhalia, Mississippi, to levy a tax of up to 2% on gross proceeds from hotel and motel room rentals, applying to establishments with six or more guest rooms
- Revenue must be dedicated exclusively to promoting tourism and parks and recreation, 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 Byhalia by the 15th of the following month
- Requires a local election before the tax can take effect, with approval from at least 60% of qualified electors who vote; notice must be published for three consecutive weeks prior to the election
- Funds must be accounted for separately from general and other town funds and audited annually by an independent certified public accountant
Legislative Description
Town of Byhalia; authorize a tax on hotels and motels.
Last Action
Died In Committee
4/28/2010
Full Bill Text
No bill text available