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MS HB1718
Bill
Status
Failed
4/4/2013
Primary Sponsor
Linda Whittington
Click for details
AI Summary
- Authorizes the City of Greenwood, Mississippi to levy a tax of up to 2% on gross proceeds from hotel and motel room rentals, excluding charges for telephone, laundry, and similar services
- Revenue from the tax shall be dedicated solely to repairing and renovating the Russell Building in Greenwood for use as a multipurpose building to promote tourism, economic development, and recreation
- Tax implementation requires adoption of a resolution by governing authorities, publication of notice for at least three consecutive weeks, and approval by referendum with at least 60% of qualified electors voting in favor
- Department of Revenue retains 3% of collected tax to cover collection costs, with remaining proceeds paid to the city by the 15th of the month collected
- Requires separate accounting and annual independent audit of tax revenues and expenditures, with audit expenses paid from the dedicated fund
Legislative Description
City of Greenwood; authorize levy of a tax on hotels and motels to repair Russell Building.
Last Action
Died In Committee
4/4/2013
Committee Referrals
Local and Private Legislation3/19/2013
Full Bill Text
No bill text available