MS HB1526

Extends the repeal date of Chapter 906, Local and Private Laws of 2018, from July 1, 2022, to July 1, 2026, allowing the City of Richland to continue levying a 3% tax on hotel and motel room rental gross proceeds.

The 3% tax revenue must be used specifically for promoting tourism and parks and recreation within the city.

Tax proceeds are collected by the Department of Revenue using state sales tax procedures and paid to the city by the 15th of the following month, with separate accounting and annual independent audits required.

Revenue from the tax is placed in a special fund separate from the city's general fund and cannot be used as general fund revenues.

The city may discontinue the tax at any time if no outstanding debt or obligations exist under the tax authority, requiring a certified resolution delivered to the Department of Revenue.