MS HB1667

Authorizes the City of Pearl, Mississippi to levy a tax of up to 3% on gross proceeds of hotel and motel room rentals and up to 1% on gross proceeds of restaurant sales.

Tax revenue must be dedicated solely to promoting tourism, parks, and recreation in the city, and cannot be used for general fund revenues, private property, legal fees, or salaries.

Requires a referendum where at least 60% of qualified city electors must vote in favor before the tax can be imposed.

Tax collection and administration shall follow state sales tax procedures under Mississippi Code Chapter 65, Title 27, with the Department of Revenue retaining 3% of proceeds for collection costs.

Sunsets on July 1, 2022, and requires annual independent audits of tax revenues and expenditures kept separately from the city's general fund.