City of Olive Branch; extend date of repeal on hotel/motel tax and issuance of bonds for tourism, parks and recreation.

HB 1803 extends the expiration date for a hotel/motel tax and related bond authority in Olive Branch, Mississippi, from July 1, 2026, to July 1, 2029. The bill authorizes the city to levy up to a 1% tax on hotel/motel room rentals (excluding hospitals) to fund tourism, parks, and recreation projects, with proceeds dedicated solely to these purposes. It also allows the city to issue bonds up to the amount that can be repaid from the tax revenue, ensuring funds remain available to service existing debt. The bill died in committee on April 3, 2025, and did not become law.