MS HB4059

Extends the repeal date for the City of Fulton's restaurant sales tax from July 1, 2026, to July 1, 2036

Authorizes Fulton to levy up to 3% additional sales tax on gross proceeds from restaurants, including food trucks, cafes, convenience stores, and similar food establishments

Tax revenue must fund tourism promotion and parks and recreation within the city

Authorizes the city to issue general obligation bonds or incur debt, with principal amounts limited to what can be serviced by the restaurant tax proceeds

Requires 60% voter approval in a local election before the tax can be imposed, with the Mississippi Department of Revenue collecting the tax and retaining 3% for administrative costs