MS HB402

Extends the repeal date of Section 27-65-241 from July 1, 2014 to July 1, 2032 for municipalities' authority to impose a special sales tax of up to 1% on qualifying businesses with voter approval.

Allows municipalities with a population of 150,000 or more to impose the special sales tax on businesses earning gross proceeds from activities taxed at 7% or more under state sales tax law, with exemptions for restaurants, hotels/motels, food items, and cable services.

Requires a three-fifths voter approval threshold at a municipal election before the special sales tax can be imposed, with revenue directed to road/street repair and water/sewer/drainage projects per a commission-adopted master plan.

Establishes a 10-member commission to oversee tax revenue expenditures, composed of business representatives, mayoral appointees, and appointees from the Governor, Lieutenant Governor, and Speaker of the House.

If the tax is not adopted by election before July 1, 2017, the authority to impose it repeals entirely on that date rather than the extended 2032 date.