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MS SB3063
Bill
AI Summary
- Extends the repeal date of Louisville, Mississippi's hotel and motel tax from July 1, 2021 to July 1, 2029
- Authorizes the city to levy and collect a tax not exceeding 2% on gross proceeds of room rentals from hotels and motels with 6 or more guest rooms
- Tax revenue, minus 3% retained by the Department of Revenue for collection costs, must be dedicated solely to promoting tourism and parks and recreation within the city
- Requires establishment of a Tourism and Economic Advisory Board composed of a city official, an economic development partnership representative, and a hotel/motel owner before the tax can be imposed
- Mandates separate accounting and annual independent audits of tax revenue and expenditures
Legislative Description
City of Louisville; extend the hotel and motel tax repeal date to July 1, 2029.
Last Action
Approved by Governor
4/10/2025
Committee Referrals
Local and Private Legislation3/13/2025
Local and Private2/17/2025
Full Bill Text
No bill text available