MS HB410

Municipalities with a population of 150,000 or more may impose a one cent per gallon excise tax on retail gasoline and diesel fuel sales.

Before imposing the tax, the municipality must adopt a resolution and hold a public election with notice published weekly for at least three consecutive weeks, starting no less than 21 days before the election.

The tax requires approval by a majority of qualified electors voting in the election, and a certified resolution with election results must be submitted to the Department of Revenue at least 30 days before the tax becomes effective.

The Department of Revenue collects the tax, retains one percent for administrative costs, and remits the remaining proceeds to the municipality by the 15th of the following month.

Tax proceeds must be placed in a special municipal fund separate from the general fund and used solely for repair, maintenance, and reconstruction of roads, streets, and bridges in the municipality.