MS SB3065

Reenacts and amends Chapter 907, Local and Private Laws of 2013, to authorize the City of Louisville to impose a tax of up to 2% on gross proceeds of room rentals for hotels or motels with six or more guest rooms.

Tax revenue, after 3% retention by the Department of Revenue for collection costs, must be dedicated solely to promoting tourism and parks and recreation within the city.

Requires the city to hold an election where 60% of qualified electors must vote in favor before the tax can be imposed, with notice published for at least three consecutive weeks.

Establishes a three-member Tourism and Economic Advisory Board composed of a city official, the chief operating official of the Louisville/Winston County Economic Development Partnership, and a hotel/motel owner to oversee fund expenditures.

Extends the repeal date of the tax law from July 1, 2016, to July 1, 2021, and ratifies all revenues collected and expenditures made between July 1, 2016, and the bill's effective date.