MS HB1197

Extends the repeal date of Chapter 1017, Local and Private Laws of 2004 from July 1, 2023 to July 1, 2027 for the City of Baldwyn's authority to levy taxes on hotels, motels, restaurants, and convenience stores.

Authorizes the City of Baldwyn to levy a tax up to 2% on gross proceeds from hotel and motel room rentals and up to 2% on gross proceeds from restaurant and convenience store food sales.

Requires tax proceeds, after a 3% collection fee retained by the Department of Revenue, to be dedicated solely to promoting tourism and encouraging retired persons to remain in or relocate to the Baldwyn area.

Mandates separate accounting of tax revenues from the general fund with annual independent audits and written reports to governing authorities.

Requires the city to adopt a resolution before imposing the tax, with published notice and opportunity for qualified electors to petition for a referendum on the levy.