MS SB2835

Extends the repeal date of Chapter 1017, Local and Private Laws of 2004 from July 1, 2015 to July 1, 2018, allowing the City of Baldwyn to continue levying taxes on hotels, motels, restaurants, and convenience stores.

Authorizes the City of Baldwyn to impose a tax of up to 2% on gross proceeds from hotel and motel room rentals and up to 2% on gross proceeds from restaurant and convenience store food sales.

Requires tax revenues to be dedicated solely to promoting tourism and encouraging retired persons to remain in or relocate to the Baldwyn area.

Mandates that a certified public accountant conduct annual independent audits of the fund, with receipts and expenditures tracked separately from the city's general fund.

Provides that the Department of Revenue retains 3% of collected tax proceeds to cover collection costs and remits the remainder to city governing authorities by the fifteenth day of the following month.