MS SB2514

Extends the repeal date from July 1, 2022 to July 1, 2026 for Hattiesburg's authority to levy an additional 1% tax on hotel/motel room rentals and restaurant gross income

Tax revenues must be used exclusively to promote tourism and parks and recreation in Hattiesburg, with funds kept separate from general revenues

Up to 50% of collected tax proceeds may be distributed to the University of Southern Mississippi for athletic facility improvements

Tax excludes hotels/motels with 10 or fewer rental units and restaurants with annual gross sales under $100,000

Mississippi Department of Revenue collects the tax and retains 3% for administrative costs before remitting proceeds to the city