MS HB1773

Authorizes City of Vicksburg governing authorities 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.

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

Revenue collected from the tax (minus 3% retention by Department of Revenue for collection costs) shall be placed in a separate fund and used exclusively for infrastructure improvements including streets, water, sewer, drainage, and multi-modal transportation projects for river, air, rail, and interstate transportation.

Tax cannot be used to fund or secure debt service on city bonds and follows all provisions of Mississippi Sales Tax Law regarding filing, collection, refunds, and enforcement.

If Vicksburg annexes new territory, the tax cannot be imposed in the annexed area unless approved by a separate election conducted only among qualified electors in that area.