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MS HB1566
Bill
Status
Failed
4/7/2011
Primary Sponsor
Bobby Shows
Click for details
AI Summary
- Authorizes the City of Ellisville governing authorities to levy a tax of up to 2% on gross proceeds from hotel and motel room rentals and up to 2% on gross proceeds from restaurant sales.
- Tax revenue must be dedicated solely to upgrading infrastructure in the City of Ellisville and cannot be considered general fund revenue.
- Requires the governing authorities to adopt a resolution and hold an election where 60% of qualified electors must vote in favor before the tax can be imposed.
- Department of Revenue collects the tax, retains 3% of proceeds to defray collection costs, and remits remaining funds to the city by the 15th of the following month.
- Extends the repeal date of the original 2007 law from July 1, 2018, to July 1, 2021.
Legislative Description
City of Ellisville; revise the amount of tax that may be levied on hotels, motels and restaurants.
Last Action
Died In Committee
4/7/2011
Full Bill Text
No bill text available