MS SB2985

Extends the repeal date of the Indianola Tourism Commission from July 1, 2014 to July 1, 2017, continuing the commission's authority to promote tourism and economic development in Indianola.

Authorizes the city to levy up to 2% tax on hotel/motel room rental gross proceeds and up to 2% tax on restaurant/bar food and beverage sales, with proceeds dedicated solely to tourism promotion.

Requires the governing authorities to declare their intention to continue the tax by resolution within 60 days of the bill's effective date; if 20% or 1,500 qualified electors (whichever is less) file a written protest, an election must be held on the tax continuation.

Maintains the commission structure with nine members: one from each of five city wards, representatives from the Chamber of Commerce and B.B. King Museum Foundation, and representatives of hotel/motel and restaurant/bar owners.

Exempts tax continuation procedures if revenue has been contractually pledged to pay pre-existing debt until the debt is satisfied, then requires the same election procedure to commence within 60 days of debt satisfaction.