City wants lodging tax; money collected in error placed in escrow
Published: July 25,2013
HORN LAKE — Horn Lake hopes to get the ball rolling soon on a referendum for a hotel-motel tax that could generate thousands of dollars in revenue without taxing residents.
The referendum is the latest chapter in the troubled history of the city’s hotel-motel tax, which dates back to 2002. State legislators approved a four-year tax and renewed it in 2006. Another extension was not considered in 2010 and the tax therefore expired, but officials continued to collect it.
After the error was caught, money that had been collected without authorization was placed in escrow and has been there since. City Administrator Andrea Freeze told The Commercial Appeal yesterday she thought there was about $105,000 in escrow currently. Lawmakers this past session approved new legislation authorizing a hotel-motel tax and made it retroactive.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Oxford’s FNC getting new headquarters
- Judge intends to rule on McDaniel's challenge before general election
- QUIRKY? NO, JERKY — Whatever your craving, Beef Jerky Outlets likely has the flavor among 200+ choices
- (UPDATE) I-20 partially closed as vehicle carrying hazardous materials burns
- Coast family wins $644K in tideland lawsuit against state
- Officials set hunting dates for birds; expands dove season by 20 days
- State’s MAGIC accounting system works, albeit with glitches
- Corps official: River needs larger ports, locks and dams
- C Spire, UM installing Wi-Fi network at Vaught-Hemingway Stadium