Loading chat...
MS SB2834
Bill
Status
Failed
4/4/2013
Primary Sponsor
Lydia Chassaniol
Click for details
AI Summary
- Authorizes the City of Greenwood to levy a tax of up to 1% on gross proceeds from hotel and motel room rentals, excluding charges for telephone, laundry, and similar services
- Tax revenue, minus 3% retained by the Department of Revenue for collection costs, must be dedicated solely to repairing and renovating the Russell Building as a multipurpose facility for tourism and economic development
- Requires the city to adopt a resolution, publish notice for at least 3 consecutive weeks, and hold a referendum on the next municipal general election date, with the tax effective only if at least 60% of voters approve
- Requires separate accounting and annual independent audits of tax receipts and expenditures, with audit expenses paid from the collected funds
- Act automatically repeals on July 1, 2018
Legislative Description
City of Greenwood; authorize the levy of a tax on hotels and motels to repair and renovate the Russell Building.
Last Action
Died In Committee
4/4/2013
Committee Referrals
Local and Private2/11/2013
Full Bill Text
No bill text available