MS HB1168

Authorizes municipalities with a population of 150,000 or more to levy a special sales tax of up to 1% on gross proceeds of sales or gross income, with revenue directed to road, street, water, sewer, and drainage projects.

Requires Department of Revenue to withhold tax payments to municipalities that fail to comply with audit and reporting requirements within 30 days of written notice of noncompliance.

Mandates municipalities provide detailed monthly reporting to commission members including vendor names, projects, dates, and amounts received and paid, with annual independent certified public accountant audits.

Requires any expenditures from the special municipal fund not approved by the commission or exceeding approved amounts be reimbursed by the municipality to the fund.

Establishes a 10-member commission to oversee a master plan for tax revenue expenditures, with members appointed by the local chamber of commerce, mayor, Governor, Lieutenant Governor, and Speaker of the House.