MS SB3033

Authorizes the City of Greenwood to levy a tax of up to 1% on gross proceeds from hotel and motel room rentals, excluding charges for telephone, laundry, and similar services.

Tax revenue must be dedicated solely to promoting tourism and parks and recreation, and cannot be used as general fund revenue.

Requires the city to adopt a resolution and hold a referendum during the next municipal general election, with at least 60% voter approval required for the tax to take effect.

The Department of Revenue retains 3% of collected taxes to cover collection costs, with remaining proceeds paid to the city by the 15th day of the month collected.

Act automatically repeals on July 1, 2017, and requires separate accounting and annual independent audits of all tax revenues and expenditures.