MS HB417

Extends the repeal date from July 1, 2014 to July 1, 2017 for the City of Ripley's authority to levy tourism-related taxes on hotels, motels, and restaurants

Maintains the existing tax rate of up to 2% on gross proceeds from hotel/motel room rentals and restaurant sales within Ripley city limits

Tax revenue is dedicated to promoting tourism, encouraging retired persons to remain in or relocate to the Ripley area, industrial and economic development, and parks and recreation facilities

Requires 60% voter approval in a local election before the tax can be imposed, with public notice published for three consecutive weeks prior to the vote

Mississippi Department of Revenue collects the tax and retains 3% for administrative costs, remitting the remainder to the city by the 15th of each following month