Loading chat...
MS SB2927
Bill
AI Summary
- Extends the repeal date of the hotel and motel room rental tax for the City of Horn Lake from July 1, 2017 to July 1, 2021
- Authorizes Horn Lake's governing authorities to levy a tax not exceeding $2.00 per overnight room rental in hotels and motels, excluding charges for food, telephone, laundry, and beverages
- Requires tax revenue to be collected by the Department of Revenue and paid to the city by the 15th of the following month, with funds placed in a special account separate from general funds
- Mandates annual independent audits of tax revenue receipts and expenditures, with proceeds used exclusively for tourism and economic development promotion
- Requires approval by 60% of qualified city electors voting in an election before the tax can be imposed
Legislative Description
City of Horn Lake; extend the repeal date on the tax on hotel and motel room rentals.
Last Action
Died On Calendar
3/29/2017
Committee Referrals
Local and Private Legislation2/20/2017
Local and Private1/30/2017
Full Bill Text
No bill text available