MS SB3063

Extends the repeal date of the Indianola Tourism Commission from July 1, 2014 to July 1, 2021, allowing the commission to continue operating and collecting taxes.

Authorizes the City of Indianola to levy and collect a tax of up to 2% on gross proceeds from hotel and motel room rentals and a separate tax of up to 2% on gross proceeds from restaurant and bar sales.

Creates the Indianola Tourism Commission composed of nine members: five ward representatives, two business representatives (hotels/motels and restaurants/bars), and two ex officio voting members from the Chamber of Commerce and B.B. King Museum Foundation.

Requires the governing authorities to publish notice and conduct an election if 20% or 1,500 qualified electors (whichever is less) file a written protest against the continuation of the tax.

Establishes that tax proceeds, after 3% is retained by the Department of Revenue for collection costs, are dedicated solely to tourism and economic development purposes and must be audited annually by an independent certified public accountant.