Bill > HB1720

This bill extends the repealer date on the authority for the City of Pontotoc, Mississippi, to levy a tax of up to 2% on the gross sales of hotels, motels, and restaurants for the purpose of promoting tourism and parks and recreation. The bill extends the repeal date from July 1, 2024, to July 1, 2028. This tax must be approved by the voters of Pontotoc unless it was previously imposed without a vote, in which case the governing authorities can continue the tax unless a sufficient number of voters petition for an election. The revenue from this tax must be accounted for separately and audited annually.