MS SB3190

Authorizes the City of Ridgeland to impose a special sales tax of up to 1% on gross proceeds of sales or gross income from activities taxed at 7% or more under Mississippi Sales Tax Law.

Tax requires approval by at least 3/5 of votes cast in a municipal election, with notice published for three consecutive weeks and election held at least 21 days after first publication.

Exempts from the tax: restaurants, hotels and motels, food for human consumption, cable and telecommunications services, and sales exempt under Mississippi Sales Tax Law.

Revenue may only be expended on redevelopment projects in the Southeast Ridgeland Redevelopment District after approval by a nine-member commission appointed by the mayor, governor, lieutenant governor, and chamber of commerce.

Department of Revenue collects the tax, retains 3% for administrative costs, and remits proceeds by the 15th of the following month; revenues must be separately accounted for and audited annually; provision expires July 1, 2014.