MS HB1505

Extends the repeal date from July 1, 2021 to July 1, 2025 for the Town of Sardis, Mississippi's authority to levy taxes on hotels, motels, and restaurants

Authorizes a tax of up to 3% on gross proceeds from hotel and motel room rentals and up to 3% on gross proceeds from restaurant sales

Tax revenue must be used exclusively to enhance tourism, support industrial and economic development, and provide parks and recreation facilities

Mississippi Department of Revenue collects the tax and retains 3% for administrative costs, with remaining proceeds paid to the Town of Sardis by the 15th of each following month

Hotels and motels must have six or more guest rooms to be subject to the tax; hospitals, nursing homes, and school facilities are exempt from both hotel and restaurant tax provisions