MS SB3024

Authorizes Holly Springs, Mississippi to impose a special sales tax of up to 1% on goods and services already taxed at 7% or more under state sales tax law

Requires approval by at least 3/5 of voters in a local election before the tax can be implemented, with mandatory three-week public notice period

Revenue funds an $8 million capital improvement plan including a new fire station, pumper truck, emergency sirens, public works building repairs, city hall renovation, parks improvements, neighborhood development, and drainage improvements

Exempts restaurant and hotel/motel sales already taxed under a 1998 local law, as well as food for human consumption that would qualify for food stamp exemption

Tax automatically repeals 60 days after the city collects $8 million in aggregate proceeds, with the Mississippi Department of Revenue collecting the tax and retaining 3% for administrative costs