MS SB3108

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

Tax requires approval by at least 60% of qualified electors voting in a city-held election, with notice published weekly for at least 3 consecutive weeks before the election.

Revenue from the tax, minus 3% retained by the Department of Revenue for collection costs, shall be placed in a separate fund and used exclusively for principal and interest payments on bonds issued for capital improvements including streets, utilities, bridges, and sewer systems.

All provisions of Mississippi Sales Tax Law apply to collection, filing, and enforcement of the special tax, with the Department of Revenue collecting and remitting funds to the city by the 15th of the following month.

Act expires and repeals on July 1, 2023.