MS SB2997

Extends the repeal date from July 1, 2023 to July 1, 2026 for the City of Batesville's tourism and industry promotion tax on hotel/motel room rentals and restaurant sales

Authorizes a tax of up to 3% on gross proceeds from hotel and motel room rentals within the city

Authorizes a tax of up to 3% on gross proceeds from restaurant sales, defined as establishments where 50% or more of income comes from prepared food sales

Tax revenues must be used exclusively for programs to attract visitors, tourists, and industry to promote economic development in Batesville and surrounding areas

The Mississippi Department of Revenue collects the tax and retains 3% for administrative costs, with the remainder paid to the city by the 15th of each month