MS SB2936

Authorizes George County Board of Supervisors to issue up to $6,250,000 in general obligation bonds for acquiring, constructing, equipping, and furnishing a county recreational complex

Imposes a 0.5% sales tax on gross proceeds of sales in George County to retire the bonds, collected by the Department of Revenue and paid to the county

Requires approval by at least 60% of voters in a county election before bonds can be issued and the sales tax imposed

Exempts certain items from the sales tax including farm tractors, automobiles, light trucks, manufacturing machinery, aircraft, mobile homes, and construction contracts

Sales tax remains in effect until all bonds are paid in full, with a backup ad valorem property tax levy authorized if sales tax revenues are insufficient to cover bond payments