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MS HB1738
Bill
Status
Failed
4/23/2010
Primary Sponsor
Brad Mayo
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AI Summary
- Authorizes the City of Southaven, Mississippi to levy a tax of up to 1% on gross sales of beverages sold for on-premises consumption and prepared food at restaurants
- Tax revenue is dedicated solely to promoting tourism and conventions and cannot be counted as general fund revenue
- Requires the City to adopt a resolution and hold a public election where at least 60% of qualified voters must approve the tax before implementation
- State Tax Commission collects the tax, retains 3% to cover collection costs, and remits remaining proceeds to the City by the 15th of the following month
- Act automatically repeals on July 1, 2013
Legislative Description
City of Southaven; authorize to impose certain tax on restaurants to provide funding for promotion of tourism and conventions.
Last Action
Died by Other Means
4/23/2010
Full Bill Text
No bill text available