MS HB1684

Authorizes the City of Vicksburg to levy a 0.5% sales tax on all retail sales and services subject to state sales tax, in addition to existing taxes.

Revenues from the tax, not to exceed $20 million, must be used exclusively for acquiring, improving, or constructing a state-of-the-art sports complex and related recreational facilities.

City is authorized to issue general obligation bonds up to $20 million for construction, acquisition, and related project costs, which do not count against city debt limitations.

Tax requires approval by referendum with at least 60% of qualified electors voting in favor before implementation; election notice must be published for three consecutive weeks with first notice at least 21 days before the election.

Tax revenue must be deposited in a special fund separate from general funds, independently audited annually, and discontinued once all project-related debt and obligations are paid.