MS SB2829

Authorizes the City of Morton to impose a special sales tax of up to 1% on gross proceeds of sales or business income taxed at 7% under Mississippi Sales Tax Law.

Tax must be approved by at least 60% of votes cast in a public election, with election notice published for at least three consecutive weeks before voting.

Revenue from the tax, minus 3% retained by the Department of Revenue for collection costs, shall be deposited in a separate fund and used solely for repair, rehabilitation, and reconstruction of roadways within the city.

Tax cannot be used to secure or fund debt service on any municipal bonds, and tax proceeds apply to state sales tax exemptions under Mississippi law.

Section 3(6) repeals this statute two years after the special sales tax is implemented.