MS HB1596

Extends the repealer date for Chapter 956, Local and Private Laws of 2008 from July 1, 2014 to July 1, 2018, allowing the City of Ripley to continue levying taxes on hotels, motels, and restaurants.

Authorizes the City of Ripley to levy a tax not to exceed 2% on gross proceeds of hotel and motel room rentals and a separate 2% tax on gross proceeds of restaurant sales.

Tax revenue, after deducting 3% collection fees retained by the Department of Revenue, must be dedicated solely to promoting tourism, encouraging retired persons to relocate to the area, industrial and economic development, and parks and recreation facilities.

Requires voter approval through a referendum where 60% of qualified electors voting must favor the tax, with notice published for three consecutive weeks prior to the election.

Mandates annual independent audit of all tax receipts and expenditures, with records kept separately from the city's general fund.