MS SB3064

Authorizes the City of Pearl, Mississippi to impose a special sales tax of not more than 1% on gross proceeds of sales or gross income from activities taxed at 7% under Mississippi Sales Tax Law.

Tax requires approval by at least 60% of votes cast in a city election, with notice published weekly for three consecutive weeks and at least 21 days before the election date.

Revenue collected shall be placed in a separate fund and used solely for improving city infrastructure, including overlay and resurfacing of city streets.

Department of Revenue retains 3% of collected proceeds to cover collection costs and pays remaining funds to the city by the 15th of the following month.

All provisions of Mississippi Sales Tax Law apply to collection and administration of the special tax, except where this act's provisions conflict and take precedence.