MS HB1803

Extends the repeal date of Chapter 934, Local and Private Laws of 2022, from July 1, 2026, to July 1, 2029, allowing the City of Olive Branch to continue levying a hotel and motel tax beyond the original sunset date.

Authorizes the City of Olive Branch to levy a tax not to exceed 1% on gross proceeds of overnight room rentals at hotels and motels with 6 or more guest rooms, with proceeds dedicated to tourism and parks and recreation.

Allows the city to issue general obligation bonds or incur other indebtedness in amounts that can be serviced by the special sales tax revenue, with bonds exempt from state taxation and not subject to city debt limitations.

Requires a voter referendum with 60% approval before the tax can be imposed, separate accounting and annual audits of tax proceeds, and collection through the Department of Revenue using standard sales tax procedures.

Permits the tax to continue beyond July 1, 2029, for as long as necessary to service any debt associated with bonds issued under the act.