MS SB2512

Extends the repeal date of the City of Southaven's restaurant tax from July 1, 2022 to July 1, 2026.

Authorizes Southaven to impose a tax of up to 1% on gross proceeds from sales of beverages and prepared food at restaurants within the city.

Requires the city to obtain 60% voter approval through election or petition process before levying or continuing the tax.

Designates all tax revenue, minus 3% retained by the Department of Revenue for collection costs, exclusively for tourism, parks, and recreation purposes.

Requires separate accounting and annual independent audits of tax revenues and expenditures, with audit costs paid from the collected tax funds.