MS HB1525

Extends the expiration date from July 1, 2022, to July 1, 2026, for the City of Richland's authority to impose a tourism tax on bars and restaurants

The tax allows Richland to levy up to 2% on gross sales of bars and on sales of alcoholic beverages and prepared foods at restaurants

Tax revenues must be used to promote tourism, parks, and recreation within the city (after original multipurpose community center construction costs were paid)

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

Requires separate accounting of tax receipts from general funds and annual independent audits of the tourism tax fund