City of Fulton; extend repealer on hotel/motel tourism tax.

This bill extends the expiration date for a repealer law that allows the City of Fulton, Mississippi, to impose a tourism tax on hotels and motels from July 1, 2024, to July 1, 2028. The legislation defines eligible properties as establishments with six or more guest rooms and authorizes the city to collect a tax of up to three percent on room rentals, which must be used solely for tourism promotion and parks and recreation. Before the tax can be implemented, city officials must hold a public election where at least sixty percent of voters must approve the measure. The bill also mandates that funds be kept in a separate account, audited annually by an independent accountant, and that the tax be collected through the state Department of Revenue.