MS HB1783

Extends the repeal date of Chapter 955, Local and Private Laws of 2011 from July 1, 2017 to July 1, 2021 for Southaven's tax on restaurant sales.

Authorizes Southaven to levy and collect a tax of up to 1% on gross proceeds from sales of beverages and prepared food at restaurants for tourism, parks and recreation purposes.

Requires an election on June 6, 2017 where at least 60% of qualified voters must approve the tax before it can be imposed.

Dedicates all tax revenue (minus 3% retained by Department of Revenue for collection costs) exclusively to tourism, parks and recreation purposes, with separate accounting and annual independent audits required.

Tax is collected and administered by the Department of Revenue using the same procedures as state sales taxes under Mississippi Sales Tax Law.