MS SB3043

Authorizes the City of Gautier to impose a one percent (1%) special assessment tax on total retail sales generated by tenants, owners, or occupiers of the Singing River Mall site.

Tax revenue shall be used exclusively for acquisition, construction, reconstruction, expansion, improvement, furnishing, equipping, maintaining, and repairing of properties, infrastructure, and improvements to the mall site.

Requires the governing authorities to adopt a resolution and hold a citywide election where at least sixty percent (60%) of qualified electors voting must approve the tax before it can be levied.

Tax collection and administration shall follow state sales tax procedures under Title 27, Chapter 65 of the Mississippi Code, with the Department of Revenue retaining three percent (3%) of proceeds to cover collection costs.

Tax revenue shall be accounted for separately from general funds, subject to annual independent audits, and the entire authorization repeals on July 1, 2024.