MS HB1420

Extends the repeal date of Chapter 956, Local and Private Laws of 2008 from July 1, 2014 to allow the City of Ripley to continue levying taxes on hotels, motels, and restaurants.

Authorizes Ripley's governing authorities to impose a tax of up to 2% on gross room rental proceeds from hotels and motels with six or more guest rooms.

Authorizes Ripley's governing authorities to impose a tax of up to 2% on gross sales proceeds from restaurants in the City of Ripley.

Dedicates tax revenue (minus 3% collection fee retained by Department of Revenue) exclusively to tourism promotion, economic development, and parks and recreation facilities.

Requires approval by 60% of qualified voters in a municipal election before the tax can be imposed, with at least three weeks' notice published in local newspapers.