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MS SB3040
Bill
Status
Failed
10/2/2020
Primary Sponsor
Kevin Blackwell
Click for details
AI Summary
- Authorizes the City of Olive Branch to levy a tax of up to 1% on gross proceeds from overnight hotel and motel room rentals, applying only to establishments with 6 or more guest rooms
- Requires the governing authorities to adopt a resolution and hold a citywide election where at least 60% of voters must approve the tax before it can be imposed
- Mandates publication of election notice in local newspapers once weekly for at least 3 consecutive weeks, with first notice at least 21 days before the election and last notice within 7 days
- Requires separate accounting and annual independent audit of tax revenues, which must be dedicated solely to tourism and parks and recreation purposes, with 3% of collections retained by Department of Revenue for administration costs
- Repeals the authorization on July 1, 2024
Legislative Description
City of Olive Branch; authorize 1% tax on hotels and motels for tourism and parks and recreation.
Last Action
Died On Calendar
10/2/2020
Committee Referrals
Local and Private Legislation6/23/2020
Local and Private6/15/2020
Full Bill Text
No bill text available