MS HB1521

Authorizes City of Richland to impose a tax not exceeding 2% on gross sales of bars and restaurants for promoting tourism, parks, and recreation, but only after all costs of constructing the city's multipurpose building are completely satisfied.

Requires approval by 60% of qualified electors voting in an election before the city may impose the tax for tourism, parks, and recreation purposes.

Tax collection administered by the Department of Revenue using the same procedures as state sales taxes, with 3% of proceeds retained by the Department to cover collection costs and remainder paid to the city.

Requires separate accounting and annual independent audits of tax receipts and expenditures, kept distinct from the city's general fund.

Act repeals July 1, 2022.