MS HB1742

Authorizes the City of Waynesboro to impose a special tax of up to 1% on gross proceeds from bars, restaurants, and hotel/motel/bed-and-breakfast room rentals.

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

Requires the city to adopt a resolution and hold a referendum with at least 21 days' notice; tax may only be imposed if at least 60% of voting qualified electors approve.

Tax collection follows state sales tax procedures under Chapter 65, Title 27 of the Mississippi Code, with businesses adding the tax to sales prices and remitting to the Department of Revenue.

Requires separate accounting and annual independent audit of tax receipts and expenditures; act automatically repeals on July 1, 2023.