Extends repeal date on hotel/motel and restaurant tax in Ripley, Mississippi.
This bill extends the repeal date on the hotel/motel and restaurant tax in the City of Ripley, Mississippi, from October 1, 2026, to October 1, 2030. The tax, which is levied at a rate not exceeding 2% on gross proceeds from room rentals and restaurant sales, is intended to generate revenue for tourism, industrial and economic development, and parks and recreation facilities. The tax requires approval from 60% of qualified electors in an election. The proceeds are dedicated to specified purposes and are not considered general fund revenues.
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