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MS SB2964
Bill
AI Summary
- Authorizes the City of Hernando to levy a tax of up to 2% on gross proceeds of restaurant sales and up to 2% on gross proceeds of hotel and motel room rentals
- Requires a voter referendum where 60% of qualified electors voting must approve the tax before it can be imposed
- Revenue must be collected by the Department of Revenue using state sales tax procedures and placed in a special fund dedicated to promoting tourism and parks and recreation
- Requires separate accounting of tax revenue with annual independent audits, and mandates revenue be paid to the city by the 15th of the month following collection
- Sunsets on July 1, 2017
Legislative Description
City of Hernando; authorize the imposition of a tax on restaurants, hotels, and motels.
Last Action
Approved by Governor
3/21/2014
Committee Referrals
Local and Private Legislation3/11/2014
Local and Private2/19/2014
Full Bill Text
No bill text available