MS SB3077

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 of restaurant sales

Tax revenue must be dedicated solely to enhancing tourism, industrial and economic development, and parks and recreational facilities

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

Hotels and motels must have six or more guest rooms to be subject to the tax; hospitals, nursing homes, and school facilities are excluded from the definitions