MS HB791

Removes the July 1, 2035 sunset/repeal date for the one percent special sales tax on gross business proceeds in municipalities with populations of 150,000 or more, making the tax provision permanent.

Municipalities with 150,000+ population may impose up to 1% special sales tax on gross proceeds of sales or gross income from businesses taxed at 7% or more under Mississippi Sales Tax Law.

Tax requires approval by three-fifths vote of qualified electors in a municipal election before implementation, with notice published for at least three consecutive weeks.

Revenue from the tax must be placed in a separate municipal fund and spent only on road/street repair, reconstruction, resurfacing projects, and water/sewer/drainage projects per a master plan adopted by a ten-member commission.

Department of Revenue retains 1% of collected tax proceeds to cover collection costs and remits remaining funds to municipalities by the 15th of the following month.