MS SB2997

Authorizes the City of Greenville governing authorities to levy a special sales tax of up to 1% on gross proceeds of sales or income from activities taxed at 7% or more under Mississippi Sales Tax Law.

Requires adoption of a resolution declaring intent to levy the tax and calling for an election; notice must be published weekly for at least 3 consecutive weeks, with first publication at least 21 days before the election.

Tax approval requires a vote by qualified city electors, with at least 3/5 of those voting in favor needed for implementation; the tax becomes effective the first day of the second month following adoption of the levy resolution.

Department of Revenue collects the tax, retains 3% for administrative costs, and remits remaining proceeds to the City of Greenville by the 15th of the following month; all provisions of Mississippi Sales Tax Law apply except where conflicting.

Act automatically repeals on July 1, 2018.