MS HB1448

Extends the repeal date of the food and beverage tax in Brandon, Mississippi from July 1, 2014 to July 1, 2017.

Authorizes the City of Brandon to levy a 2% tax on gross proceeds from sales of prepared food and beverages in restaurants and bars within city limits.

Tax revenue must be used exclusively to promote tourism, parks, and recreation and placed in a special fund separate from the general fund.

Requires annual independent certified public accountant audits of the special fund's receipts and expenditures, with audit expenses paid from the tax revenues.

Tax collection follows state sales tax procedures through the Department of Revenue, which retains a portion before remitting remaining revenue to the city by the 15th of each month.