MS SB2433

Amends the tax authorization for the City of Pontotoc to expand the purposes for which hotel, motel, and restaurant tax revenue may be used to include parks and recreation in addition to tourism promotion.

Authorizes the city to levy up to 2% tax on gross proceeds from hotel and motel room rentals and up to 2% tax on gross proceeds from restaurant and food service sales.

Requires tax collection and administration by the Department of Revenue using the same procedures as state sales taxes, with the Department retaining 3% of proceeds to cover collection costs.

Extends the repeal date of the tax authorization from an unspecified earlier date to July 1, 2016.

Requires separate accounting of tax revenues from general funds, annual independent audits, and advance public notice and potential voter approval before tax implementation.