MS SB2031

Extends the repeal date of Louisville, Mississippi's hotel and motel tax from July 1, 2021 to July 1, 2025

Authorizes the city to impose a tax of up to 2% on gross proceeds of room rentals at hotels and motels with six or more guest rooms

Tax revenue must be dedicated solely to promoting tourism and parks and recreation within the City of Louisville, not general fund use

Mississippi Department of Revenue collects the tax and retains 3% for administrative costs before remitting the remainder to the city by the 15th of each following month

Requires a Tourism and Economic Advisory Board (composed of a city official, economic development official, and hotel/motel owner) to provide written recommendations before the city can expend the funds