Bill > SB2262

This bill authorizes the governing authorities of the Town of Meadville, Mississippi, to impose a tax of up to 3% on the gross proceeds from room rentals at hotels, motels, and bed and breakfasts within the town, with an exemption for rentals of 30 days or longer. The revenue generated from this tax is intended to fund tourism and parks and recreation initiatives. Before this tax can be implemented, the town must hold a public election where at least 60% of the voting residents must approve the tax. The bill also outlines procedures for collecting and remitting the tax to the state's Department of Revenue, specifies that the funds must be accounted for separately from the town's general fund, requires an annual audit of these funds, and mandates that a budget be approved for their expenditure. This act is set to be repealed on July 1, 2030.