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MS HB1444

Bill

Official Source

Status

Passed

3/21/2014

Primary Sponsor

Nolan Mettetal

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Extends the repeal date from July 1, 2014 to July 1, 2017 for the Town of Sardis's authority to levy taxes on hotel/motel room rentals and restaurant sales
  • Authorizes the Town of Sardis to impose a tax not to exceed 3% on gross proceeds from hotel and motel room rentals and up to 3% on gross restaurant sales proceeds
  • Requires voter approval via election with at least 60% of qualified electors voting in favor before the tax can be imposed
  • Dedicates all tax revenue (less 3% retained by Department of Revenue for collection costs) exclusively to tourism enhancement, industrial and economic development, and parks and recreation facilities
  • Requires separate accounting and annual independent audits of the dedicated fund, with audit expenses paid from the collected revenue

Legislative Description

Town of Sardis; extend repealer on authority to impose tax on hotels, motels and restaurants.

Last Action

Approved by Governor

3/21/2014

Committee Referrals

Local and Private3/6/2014
Local and Private Legislation2/10/2014

Full Bill Text

No bill text available