MS SB2953

Extends the repeal date of Chapter 913, Local and Private Laws of 2014 from July 1, 2017 to September 30, 2036, allowing the City of Senatobia to continue levying taxes on hotels, motels, and restaurants.

Authorizes Senatobia to levy up to 2% tax on gross proceeds from hotel and motel room rentals and up to 2% tax on restaurant sales, with revenues dedicated solely to parks, recreation, and tourism development.

Requires a voter election with 60% approval from qualified electors before the tax can be imposed, with notice published for at least three consecutive weeks prior to the election.

Designates 3% of tax proceeds to the Department of Revenue for collection costs, with remaining funds paid to the city on or before the 15th of the following month and kept separate from general fund accounting.

Requires annual independent audits of all receipts and expenditures from the tax funds.