MS SB2519

Authorizes the governing authorities of Monticello, Mississippi to levy and collect a tax on gross proceeds from hotel and motel room rentals at a rate not to exceed 2% and on restaurant food and beverage sales at a rate not to exceed 2%.

Tax revenues, minus 3% retained by the Department of Revenue for collection costs, shall be dedicated solely to promoting tourism and parks and recreation in Monticello and the surrounding area.

Requires the town to adopt a resolution declaring intent to levy the tax and hold an election where at least 60% of qualified electors must vote in favor for the tax to be implemented.

Mandates separate accounting of tax receipts and expenditures from the general fund, with annual independent audits by a certified public accountant.

Provisions automatically repeal on July 1, 2027.