MS HB1750

Extends the repeal date of Chapter 957, Local and Private Laws of 2012, from July 1, 2016, to July 1, 2020, allowing West Point to continue levying taxes on hotels, motels, and restaurants.

Authorizes West Point's governing authorities to levy a tax not exceeding 1% on gross proceeds from hotel and motel room rentals and a separate 1% tax on restaurant sales.

Requires the city to adopt a resolution and hold an election where 60% of qualified electors must vote in favor before any tax can be imposed.

Directs that tax proceeds, minus 3% retained by the Department of Revenue for collection costs, be paid to the West Point/Clay County Community Growth Alliance and used solely for tourism and parks and recreation.

Requires separate accounting and annual independent audits of the tax funds, with audit expenses paid from the collected revenues.