MS HB1504

Authorizes the City of Forest, Mississippi to levy a tax of up to 2% on gross proceeds from hotel and motel room rentals and restaurant sales to fund tourism promotion and parks and recreation

Requires a voter referendum with at least 60% approval before the tax can be imposed, with notice published for three consecutive weeks at least 45 days before the election

Tax applies to hotels and motels with six or more guest rooms and all restaurants selling prepared food, but exempts hospitals, nursing homes, schools, and their affiliated facilities

Mississippi Department of Revenue will collect the tax and retain 3% for administrative costs, with remaining proceeds paid to the city by the 15th of each following month

Revenue must be kept separate from the city's general fund, used solely for tourism and parks/recreation purposes, and subject to annual independent audit; the act expires July 1, 2025