On Wednesday, the Mississippi Legislative PEER Committee released its report titled FY 2020 Annual Report: A Review of the Mississippi Development Authority Tourism Advertising Fund.
Senate Bill 2193 (2019 Regular Session) required increasing percentages of sales tax revenue collected from Mississippi restaurants and hotels to be deposited into the Mississippi Development Authority (MDA) Tourism Advertising Fund.
During FY 2020, the Tourism Advertising Fund received approximately $3.2 million.
The only expenditures from the fund during FY 2020 were $39,500 by MDA to contract with a national research firm to conduct an overnight visitation study. MDA plans to use the study’s results to develop a marketing and public relations campaign.
You can read the full report below: