MS SB2998

Authorizes the Town of Sardis to levy a tax of up to 3% on gross proceeds from hotel and motel room rentals and up to 3% on gross proceeds from restaurant sales.

Revenue from the tax must be dedicated solely to enhancing tourism and providing parks and recreation facilities, kept separate from the general fund.

Requires approval by voter election with 60% of qualified electors voting in favor before the tax can be imposed; subsequent continuation of the tax requires only a simple majority vote.

Tax is collected by the Department of Revenue using state sales tax procedures, with 97% of proceeds paid to the Town of Sardis by the 15th of the following month after collection.

Provisions of the act automatically expire and are repealed on July 1, 2026, unless the town continues the tax through the required continuation process.