MS HB1741 | 2016 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on April 21 2016 - 100% progression
Action: 2016-04-21 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

An Act To Authorize The Governing Authorities Of The City Of Corinth, Mississippi, To Impose A Special Tax Of Not More Than 0.25% On The Gross Proceeds Of All Sales Or The Gross Income Of Business In The Municipality Derived From Activities Taxed At The Rate Of 7% Or More Under The Mississippi Sales Tax Law; To Provide For An Election On The Question Of Imposing The Special Sales Tax; To Authorize The City To Incur Indebtedness In An Amount Not Greater Than An Amount Whose Debt Service Is Capable Of Being Funded By The Proceeds Of The Special Sales Tax; To Provide That The Special Sales Tax Revenue Collected Pursuant To Such Tax Shall Be Used And Expended By The City Only To Fund Specific Major Thoroughfare Infrastructure Projects; And For Related Purposes.

Tracking Information

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Title

City of Corinth; authorize imposition of local sales tax at rate of 0.25% of 1% for certain purposes.

Sponsors


History

DateChamberAction
2016-04-21HouseDied In Committee
2016-03-15HouseReferred To Local and Private Legislation

Mississippi State Sources


Bill Comments

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