MS SB2155

Authorizes the City of Laurel governing authorities to levy a tax not to exceed 3% on gross proceeds of hotel and motel room rentals, including Airbnb and vacation rental properties, for tourism promotion purposes.

Requires a public election where a majority of qualified city electors must vote in favor before the tax can be implemented, with notice published for three consecutive weeks prior to the election.

Revenue collected (minus 3% retained by the Department of Revenue for administration costs) must be deposited in a special account dedicated solely to tourism promotion, including staffing, facilities, public safety, and marketing campaigns.

Requires annual independent audits of tax receipts and expenditures, and allows the city to pledge tax revenues as security for authorized debt consistent with tourism promotion purposes.

Authorizes discontinuation of the tax by city resolution if no outstanding indebtedness or obligations exist, and repeals this act effective July 1, 2026.