MS HB1595

Authorizes the City of Louisville, Mississippi to impose a tax of up to 2% on gross proceeds of room rentals at hotels and motels with six or more guest rooms, with revenues dedicated to tourism and parks and recreation.

Requires the governing authorities to adopt a resolution and hold a public election where 60% of qualified electors must vote in favor before the tax can be imposed; notice must be published for three consecutive weeks with at least 21 days before the election.

Tax collections are handled by the Mississippi Department of Revenue under state sales tax procedures, with 3% retained for administrative costs and remaining proceeds paid to the city by the 15th of the following month.

Establishes a three-member Tourism and Economic Advisory Board composed of a city official, the Louisville/Winston County Economic Development Partnership's chief operating official, and a hotel/motel owner to recommend expenditures from the tax revenues.

Requires separate accounting and annual independent audits of tax revenues and expenditures; the act automatically repeals on July 1, 2016.