MS SB3081

Extends the repeal date of the City of Florence's tax on bars and restaurants from December 31, 2024, to December 31, 2028.

Authorizes the city to levy up to 2% tax on gross proceeds from bars and up to 2% on beer, alcoholic beverages, and prepared food sales from restaurants.

Tax revenue, minus 3% retained by the Department of Revenue for collection costs, must be dedicated solely to economic development and recreational facility construction.

Requires separate accounting and annual independent audits of tax revenues, with audit expenses paid from the collected funds.

Tax remains subject to earlier repeal if recreational facilities are completed and all related bonds or indebtedness are fully satisfied.