MS SB2954

Extends the repeal date of the Greenwood Tourism Commission and its authority to impose taxes on hotels, motels, and restaurants from September 30, 2014, to September 30, 2017.

Requires the City of Greenwood governing authorities to declare their intention to continue the tax within 60 days of the bill's effective date and publish notice for at least three consecutive weeks.

Triggers a mandatory election on tax continuation if 20% or 1,500 qualified electors (whichever is less) file a written protest within 45-60 days of the notice, with the election held at the next special election day occurring more than 60 days after the protest deadline.

Exempts the tax continuation requirement if revenues have been contractually pledged for debt payment prior to the bill's effective date until the debt is satisfied.

Tax revenues (minus 3% retained by the Department of Revenue for collection costs) go directly to the Greenwood Tourism Commission for promoting conventions and tourism, with annual donations of at least $2,000 to Thompson Clemons Post 200 American Legion and $5,000 to R & M Productions.