City of Ripley; extend repeal date on hotel/motel and restaurant tax.

Ripley may add hotel and restaurant tax

The law extends Ripley’s authority to tax hotel and motel room rentals and restaurant sales through October 1, 2030. City officials must set the tax amount and start date in a resolution and call an election. At least 60% of qualified electors who vote must approve it, and the tax cannot exceed 2%. If approved and adopted, customers pay the tax with their purchases. The state keeps 3% for collection costs; the rest funds tourism, economic development, and parks and recreation. The city keeps separate accounts, which an independent accountant audits each year.