MS SB2924

Extends the repeal date of Chapter 952, Local and Private Laws of 2016 from July 1, 2020 to July 1, 2024, allowing the City of Winona to continue imposing a tax on restaurant gross proceeds.

Authorizes the City of Winona to impose a tax not to exceed 2% on gross proceeds of sales at restaurants operating within city limits.

Requires a local election where 60% of qualified electors must vote in favor before the tax can be imposed.

Mandates that tax revenue be collected by the Department of Revenue using state sales tax procedures and deposited into a special fund dedicated to promoting tourism and parks and recreation.

Requires separate accounting and annual independent audit of tax revenue, which cannot be considered general fund revenue.