City of Olive Branch; extend repealer on 1% hotel/motel tax and issuance of bonds for tourism and parks and recreation.

SB 3264 extends the expiration date of a 1% hotel/motel tax in Olive Branch, Mississippi, which funds tourism and parks/recreation programs. The bill allows hotels and motels with six or more rooms to continue charging this tax (collected on room rentals) and authorizes the city to issue bonds up to the tax revenue capacity to finance related projects. It requires voter approval for the tax via election and mandates that funds be tracked separately from general city revenue. The extension ensures the tax can remain in place beyond its original 2029 repeal date to cover ongoing debt service on bonds issued under this law.