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MS HB1741
Bill
Status
4/21/2016
Primary Sponsor
Lester Carpenter
Click for details
AI Summary
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Authorizes the City of Corinth, Mississippi to impose a special sales tax of up to 0.25% on goods and services already taxed at 7% or more under state sales tax law
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Requires voter approval with at least three-fifths (60%) of voters supporting the tax in a public election before implementation
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Dedicates all revenue exclusively to road infrastructure projects on Shiloh Road, Harper Road, and Tate Street, including repairs, resurfacing, sidewalks, utilities, and drainage improvements
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Limits the tax to a maximum of 9 years, with automatic termination upon project completion and debt repayment
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Allows the city to issue bonds backed by the tax revenue, with this debt excluded from the city's normal debt limit calculations
Legislative Description
City of Corinth; authorize imposition of local sales tax at rate of 0.25% of 1% for certain purposes.
Last Action
Died In Committee
4/21/2016