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MS SB3220
Bill
AI Summary
- Extends the repeal date of Fulton's hotel and motel room rental tax from July 1, 2024, to July 1, 2028
- Authorizes Fulton to levy a tax of up to 3% on gross proceeds from hotel and motel room rentals, with proceeds dedicated to tourism and parks and recreation
- Requires hotels and motels to have at least 6 guest rooms and excludes hospitals, nursing homes, and medical facilities from the tax
- Mandates separate accounting and annual independent audits of tax revenues, with the Department of Revenue retaining 3% of collections for administration costs
- Tax requires approval by referendum with at least 60% of qualified city electors voting in favor before implementation
Legislative Description
City of Fulton; extend repealer on hotel/motel tourism tax.
Last Action
Died In Committee
5/14/2024
Committee Referrals
Local and Private4/5/2024
Full Bill Text
No bill text available