MS SB2001

Extends the repeal date of Chapter 917, Local and Private Laws of 2015 from December 31, 2024 to December 31, 2028, allowing the City of Houston to continue levying taxes on hotels, motels, and restaurants.

Authorizes the City of Houston governing authorities to levy a tax not to exceed 2% on gross proceeds of hotel and motel room rentals and a separate tax not to exceed 2% on gross proceeds of restaurant sales.

Requires tax proceeds be used solely for promoting tourism and parks and recreation, with 3% retained by the Department of Revenue for collection costs and the remainder paid to the city monthly.

Mandates voter approval through election with 60% of qualified electors voting in favor before the tax can be imposed, with published notice required at least 21 days before the election.

Requires separate accounting and annual independent audit of tax receipts and expenditures, with funds kept separate from the general fund and budget approval required before expenditure.