MS HB626

Authorizes the City of Ellisville, Mississippi to levy a tax of up to 1% on gross proceeds from hotel and motel room rentals and up to 1% on restaurant sales

Tax proceeds must be used exclusively to revitalize the central business district and upgrade a frontage road in Ellisville

Requires a referendum where 60% of qualified voters must approve the tax before it can be imposed, with public notice published for at least three consecutive weeks prior to the election

The Mississippi Department of Revenue will collect the tax, retaining 3% to cover collection costs, with the remainder paid to the city by the 15th of each following month

Tax must be discontinued once all project-related debt or obligations are paid off; provisions expire July 1, 2016