MS SB3067

Authorizes the Town of Vaiden, Mississippi to levy a tax of up to 2% on gross proceeds of sales from restaurants operating within town limits.

Requires the governing authorities to adopt a resolution, publish notice for three consecutive weeks, and hold an election where at least 60% of qualified electors must vote in favor before the tax becomes effective.

Tax revenue must be collected by the Department of Revenue using the same procedures as state sales taxes and paid to the town by the 15th of the following month.

Revenue from the tax must be placed in a separate special fund dedicated solely to promoting tourism and parks and recreation, with annual independent audits required and records kept separately from general funds.

The act expires and is repealed on July 1, 2022.