MS HB949

Authorizes county and municipal governing authorities to impose a special sales tax of up to 1% on gross proceeds of sales or business income derived from activities taxed at 7% or more under Mississippi Sales Tax Law.

Requires approval by at least three-fifths (3/5) of qualified electors voting in an election held during a regular or general election before the tax may be imposed or extended.

Exempts from the special sales tax: certain state sales tax exemptions, restaurants, hotels/motels with more than 10 units, unpurchased food stamps-eligible items, and cable/subscription TV services.

Permits revenue to be expended solely for road/street repair and construction, water/sewer/drainage projects, including planning, design, and professional services, with initial construction not to exceed 4 years.

Requires counties and municipalities to submit project plans to the Mississippi Development Authority for approval before expenditures may be made, and mandates annual independent audits of special tax receipts and expenditures.