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MS SB3382
Bill
Status
Introduced
3/3/2026
Primary Sponsor
Chad Mcmahan
Click for details
AI Summary
- Restores a special sales tax of 0.25% within the City of Tupelo to fund the Northeast Mississippi Regional Water Supply District
- Tax applies to all sales and services subject to state sales tax, plus retail food and drink sales not purchased with food stamps
- Funds support debt service and construction costs for water supply facilities, including the Wellspring Project, a 1,700-acre industrial development site near Interstate 22 in Pontotoc, Union, and Lee Counties
- Sales tax proceeds must cover no more than 50% of project costs; the remaining 50% comes from user fees and other sources
- Authorizes the city to issue up to $30 million in general obligation bonds (in addition to $23 million authorized prior to March 2007) for water infrastructure construction and acquisition
Legislative Description
City of Tupelo; restore special sales tax in support of Northeast Mississippi Regional Water Supply District.
Last Action
Referred To Local and Private
3/3/2026
Committee Referrals
Local and Private3/3/2026
Full Bill Text
No bill text available