MS SB2996

Authorizes the City of Hattiesburg to impose a special sales tax of up to 1% on gross proceeds of sales taxed at 7% or more under Mississippi Sales Tax Law, subject to voter approval requiring 3/5 majority at an election held August 12, 2014.

Exempts from the special sales tax: sales exempted under specified Mississippi Sales Tax Law sections, restaurant food and beverages, hotel and motel room sales, packaged liquor, and certain unprepared food for human consumption.

Revenue collected shall be deposited in a separate municipal fund and used solely for sanitary systems, drainage, sewerage, street and sidewalk improvements, bridge and culvert construction, and flood control projects.

Department of Revenue shall collect the tax, retain 3% for collection costs, and remit remaining proceeds to the city monthly; tax shall be discontinued when cumulative collections exceed $300,000,000.

Act shall expire and be repealed on September 30, 2043.