MS HB380

Authorizes municipalities with populations of 150,000 or more to impose a one cent per gallon excise tax on gasoline and diesel fuel sales within their jurisdiction.

Requires municipalities to adopt a resolution declaring intent to levy the tax and call for a public election, with notice published weekly for at least three consecutive weeks starting at least 21 days before the election date.

Tax becomes effective only if approved by a majority of qualified electors voting in the election; governing authorities must adopt a second resolution declaring the levy and set the effective date as the first day of the second month following adoption.

Department of Revenue collects the tax, retains one percent of proceeds for collection costs, and pays municipalities by the fifteenth day of the following month; tax proceeds must be placed in a separate municipal fund and used solely for repair, maintenance, or reconstruction of roads, streets, and bridges.

Takes effect July 1, 2024; all Mississippi Sales Tax Law provisions apply to collection and administration except where conflicting with this section.