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MS HB1533
Bill
Status
Passed
4/1/2022
Primary Sponsor
Bill Kinkade
Click for details
AI Summary
- Extends the repeal date of the Town of Byhalia's hotel and motel room rental tax from July 1, 2021 to July 1, 2026
- Authorizes Byhalia to impose a tax not to exceed 2% on gross proceeds of room rentals from hotels and motels with 6 or more guest rooms
- Requires tax collection through the Mississippi Department of Revenue, which retains 3% of proceeds to cover administrative costs, with remainder paid to the town
- Dedicates all tax proceeds to tourism promotion and parks and recreation in the Byhalia area, with separate accounting and annual independent audits required
- Ratifies all tax revenue collected and expenditures made from July 1, 2021 forward, including any funds held in escrow by the town
Legislative Description
Town of Byhalia; reenact hotel and motel tax and extend repeal date until July 1, 2026.
Last Action
Approved by Governor
4/1/2022
Committee Referrals
Local and Private3/16/2022
Local and Private Legislation2/2/2022
Full Bill Text
No bill text available