MS SB2987

Authorizes Tunica County Board of Supervisors to impose a gaming revenue tax up to 3.2% of gross gaming revenue per calendar month on vessels docked in designated gaming waters.

Changes the Department of Revenue (previously State Tax Commission) to calculate, collect, and enforce the gaming fee, with proceeds paid to Tunica County by the 10th of the following month.

Revises tax distribution percentages: 12% to county general road fund, 69% to special county fund (increased from 64%), 12% for county education, 5% to Town of Tunica (reduced from 10%), and 2% for teacher salary supplementation and training.

Authorizes the board of supervisors to adjust the fee rate annually up to the 3.2% maximum with 30 days' notice to the Department of Revenue.

Adjusts interest rates for fee discrepancies from 1% per month to one-half of one percent (0.5%) per month.