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MS HB1741

Bill

Status

Failed

4/21/2016

Primary Sponsor

Lester Carpenter

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • 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

  • Requires voter approval with at least three-fifths (60%) of voters supporting the tax in a public election before implementation

  • Dedicates all revenue exclusively to road infrastructure projects on Shiloh Road, Harper Road, and Tate Street, including repairs, resurfacing, sidewalks, utilities, and drainage improvements

  • Limits the tax to a maximum of 9 years, with automatic termination upon project completion and debt repayment

  • 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

Committee Referrals

Local and Private Legislation3/15/2016

Full Bill Text

No bill text available