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MS HB1462
Bill
Status
4/26/2011
Primary Sponsor
Brad Mayo
Click for details
AI Summary
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Authorizes the City of Southaven, Mississippi to levy up to 1% tax on gross sales of beverages and prepared food at restaurants with capacity for 25 or more persons
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Tax revenues must be dedicated solely to promoting tourism, parks, and recreation, and cannot be used as general fund revenues
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Requires voter approval with at least 60% of qualified electors voting in favor before the tax can be imposed
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Mississippi Department of Revenue will collect the tax and retain 3% for administrative costs, remitting the remainder to the city by the 15th of each month
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The act was set to be repealed after July 1, 2014
Legislative Description
City of Southaven; authorize to impose a tax on restaurants to fund promotion o tourism, parks and recreation.
Last Action
Approved by Governor
4/26/2011