MS HB1752

Extends the repeal date of the City of Fulton's hotel and motel room rental tax from July 1, 2024 to July 1, 2028.

Authorizes Fulton to levy a tax up to 3% on gross proceeds from room rentals at hotels and motels with six or more guest rooms.

Tax proceeds, after 3% retention by the Department of Revenue for collection costs, must be dedicated solely to tourism promotion and parks and recreation.

Requires separate accounting and annual independent audits of tax revenues, with results reported to city governing authorities.

Tax implementation requires city resolution and voter approval by at least 60% of qualified electors in a public election.