MS SB3113

Authorizes the City of Indianola to impose a special sales tax of up to 1% on gross proceeds of sales and business income taxed at 7% under Mississippi Sales Tax Law.

Requires approval by at least 60% of votes cast in a city election before the tax can be imposed, with notice published for three consecutive weeks before the election.

Revenue from the tax, minus 3% retained by the Department of Revenue for collection costs, must be placed in a separate fund and used exclusively for repair and replacement of city streets, water mains, and sewer mains.

Collection and administration of the tax follows Mississippi Sales Tax Law procedures, with proceeds paid to the city by the 15th of the month following collection.

The authorization expires and repeals on July 1, 2024.