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MS SB3058
Bill
AI Summary
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Extends the repeal date from July 1, 2023 to July 1, 2027 for Columbus, Mississippi's authority to levy a 2% tax on retail sales of prepared food, beer, and alcoholic beverages at restaurants with annual sales exceeding $100,000
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Tax revenue distribution allocates $400,000 to the City of Columbus for parks, recreation, and tourism; $300,000 to Lowndes County for similar purposes; and $250,000 to Golden Triangle Development LINK for community and economic development
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Remaining tax proceeds after the fixed allocations go to the Columbus-Lowndes Convention and Visitor's Bureau for tourism promotion
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Mississippi Department of Revenue collects the tax and retains 3% for administrative costs before distributing funds to the city by the 15th of each month
Legislative Description
City of Columbus; extend repeal date on provision of law authorizing governing authority to levy tax on restaurant sales.
Last Action
Died In Committee
4/1/2023