MS HB1825

Extends the repeal date of Chapter 907, Local and Private Laws of 2013 from July 1, 2025 to July 1, 2029, allowing the City of Louisville to continue levying a tax on hotel and motel room rentals.

Authorizes Louisville's governing authorities to impose a tax of up to 2% on gross proceeds of room rentals in hotels or motels with six or more guest rooms, with proceeds dedicated to tourism and parks and recreation.

Requires the Department of Revenue to collect the tax and retain 3% of proceeds to defray collection costs, with remaining funds paid to the city by the 15th of the following month.

Mandates establishment of a Tourism and Economic Advisory Board comprising three members (a city official, the economic development partnership chief operating official, and a hotel/motel owner) to make written recommendations before fund expenditures.

Requires separate accounting and annual independent audits of revenue receipts and expenditures, with audit costs paid from the dedicated fund.