MS SB2513

Authorizes City of Olive Branch to levy up to 1% tax on gross proceeds from hotel and motel room rentals, with tax collected through the Department of Revenue similar to state sales taxes.

Requires voter approval through election with 60% majority before tax can be imposed; election notice must be published for at least 3 consecutive weeks with first notice at least 21 days before election date.

Tax proceeds, minus 3% retained by Department of Revenue for collection costs, must be dedicated solely to tourism and parks and recreation purposes and kept separate from general fund accounting.

Authorizes City of Olive Branch to issue general obligation bonds for tourism and parks improvements, with principal amount limited to what can be serviced by tax proceeds.

Sections 1-4 repeal July 1, 2026, though tax may continue being levied as needed to service any bonds issued under the act.