MS SB2828

Authorizes the City of Louisville governing authorities to levy a tax of up to 3% on gross proceeds from hotel and motel room rentals, applied to establishments with 6 or more guest rooms.

Tax revenue is dedicated exclusively to enhancing tourism, economic development, parks, and recreation within the city and must be accounted for separately from general funds with annual independent audits.

Requires voter approval through a public election where 60% of qualified electors must vote in favor before the tax can be imposed, with at least 3 weeks of newspaper notice before the election.

Establishes a 3-member tourism and economic advisory board to recommend how tax revenues are spent, composed of a city official, hotel/motel owner, and Louisville/Winston County Economic Development Partnership representative.

Department of Revenue retains 3% of collected taxes for administration costs and pays remaining proceeds to the city by the 15th of each month; the act automatically repeals July 1, 2016.