MS SB2924

Removes the July 1, 2014 sunset/repeal date on the City of Ripley's authority to levy taxes on hotels, motels, and restaurants, making the taxing authority permanent

Allows the city to impose a tax of up to 2% on gross proceeds from hotel and motel room rentals for establishments with six or more guest rooms

Authorizes a tax of up to 2% on gross sales of restaurants, defined as places selling prepared food and beverages for consumption

Tax revenue must be used exclusively to promote tourism and encourage retired persons to remain in or relocate to the Ripley area

Tax collection is administered by the Mississippi Department of Revenue, which retains 3% for collection costs before remitting proceeds to the city