MS SB2322

Authorizes municipalities and counties to impose a special sales tax of up to 1% on gross proceeds of sales or business income taxed at 7% or more under Mississippi Sales Tax Law.

Requires approval by at least 3/5 of voters in a referendum before the special tax can be levied, with notice published for at least three consecutive weeks.

Restricts use of tax revenue to capital projects including recreational complexes, senior centers, libraries, major street projects, water and sewage systems, gas lines, and multipurpose buildings, subject to Mississippi Development Authority approval.

Allows municipalities and counties to incur indebtedness up to an amount that can be funded by the special sales tax revenue, which is not counted against existing debt limitation laws.

Requires the special sales tax to be discontinued upon completion of funded projects and payment of any indebtedness, or after 10 years unless voters approve continuation; Department of Revenue retains 3% of collected proceeds for administrative costs.