MS HB1520

Authorizes the City of Richland, Mississippi to levy a 3% tax on gross proceeds from hotel and motel room rentals for promoting tourism and parks and recreation.

Tax collection follows state sales tax procedures through the Department of Revenue, with funds paid to the city monthly minus any Department retention fees.

Requires governing authorities to adopt a resolution and hold a public election where at least 60% of qualified voters must approve the tax before implementation.

Mandates separate accounting of tax revenues in a special fund with annual independent audits; revenues cannot be considered general fund revenue.

Tax is automatically repealed on July 1, 2022, though the city may discontinue it earlier by resolution if no debt obligations remain outstanding.