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MS HB1620
Bill
Status
Failed
4/4/2013
Primary Sponsor
Pat Nelson
Click for details
AI Summary
- Extends the repeal date of Horn Lake's hotel and motel room rental tax from July 1, 2011 to July 1, 2016, allowing continued taxation to promote tourism and economic development
- Authorizes a tax of up to $2.00 per overnight room rental in hotels and motels, with proceeds dedicated solely to tourism and economic development purposes
- Tax collection administered by the Department of Revenue using state sales tax procedures, with 3% retained for collection costs and remaining funds paid to the city monthly
- Requires city governing authorities to adopt a resolution, publish notice for three consecutive weeks, and obtain approval from qualified electors if a petition is filed by 20% of voters or 1,500 electors
- Applies retroactively to July 1, 2011 and requires separate accounting and annual independent audits of tax revenues and expenditures
Legislative Description
City of Horn Lake; extend repeal date on hotel and motel tourism tax.
Last Action
Died In Committee
4/4/2013
Committee Referrals
Local and Private Legislation2/13/2013
Full Bill Text
No bill text available