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MS SB3066
Bill
AI Summary
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Authorizes the City of Pearl to levy a tax of up to 3% on gross proceeds from hotel and motel room rentals and up to 1% on gross proceeds from restaurant sales.
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Tax revenues, minus 3% retained by the Department of Revenue for collection costs, must be dedicated solely to promoting tourism, parks, and recreation in the city.
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Requires the city governing authorities to adopt a resolution and hold a public election, with approval requiring 60% of qualified electors voting in favor.
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Establishes that the Department of Revenue will collect and administer the tax using the same procedures as state sales taxes, with funds paid to the city by the 15th of the following month.
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Tax authorization expires and is repealed effective July 1, 2022.
Legislative Description
City of Pearl; authorize the imposition of a tax on hotels, motels and restaurants to promote tourism, parks and recreation.
Last Action
Died In Committee
3/28/2018