MS HB1726

Authorizes the City of Ridgeland to impose a special sales tax of up to one percent on gross proceeds of sales or business income taxed at seven percent under Mississippi sales tax law.

Tax requires approval by at least three-fifths of votes cast in a city election, with notice published weekly for three consecutive weeks before the election.

Collected proceeds, minus three percent retained by the State Tax Commission for collection costs, must be deposited in a separate fund and used solely for capital improvement projects specified in the election resolution.

Allows the city to incur indebtedness up to an amount that can be funded by the special sales tax proceeds, with such debt excluded from normal city indebtedness limitations.

Tax must be discontinued once all indebtedness and obligations for the specified capital projects are paid, with any remaining funds transferred to the general fund; requires Attorney General or federal court approval under the Voting Rights Act.