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MS SB3079
Bill
AI Summary
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Extends the repeal date of the Greenwood Tourism Commission and its associated taxing authority from September 30, 2021 to September 30, 2025
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Authorizes the City of Greenwood to levy up to 1% tax on gross proceeds from hotel and motel room rentals to fund tourism promotion
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Permits an additional 1% tax on gross receipts from restaurants and bars selling prepared food, beer, and alcoholic beverages, with exemptions for restaurants not selling alcohol with annual gross sales under $100,000
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The 14-member Greenwood Tourism Commission includes representatives from each of the city's seven wards, plus members from the Chamber of Commerce, Cottonlandia Education Foundation, Industrial Board, Civic Center, Hotel/Motel Association, Restaurant Association, and Mississippi Valley State University
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Tax revenues, after a 3% collection fee retained by the Department of Revenue, are paid directly to the Tourism Commission for convention and tourism promotion programs
Legislative Description
City of Greenwood; extend the repeal date on the tourism tax and the Greenwood Tourism Commission.
Last Action
Approved by Governor
3/29/2021