MS SB3118

Authorizes Columbia, Mississippi governing authorities to levy a tax up to 3% on gross room rental proceeds from hotels and motels in the city.

Authorizes Columbia governing authorities to levy a tax up to 3% on gross sales proceeds from restaurants operating in the city.

Requires a resolution and public election with at least 3 weeks' notice in local newspapers; tax approved only if 60% of qualified voters support it.

Revenue must be collected by the Department of Revenue using state sales tax procedures, placed in a special fund separate from general funds, and used exclusively for tourism promotion and parks and recreation.

Establishes annual independent audit requirements for tax revenue accounting and automatically repeals this authority on July 1, 2023.