Mississippi House Bill 701 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on February 21 2018 - 100% progression
Action: 2018-02-21 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Authorize The Governing Authorities Of Any Municipality To Impose A Special Tax Not To Exceed 1% On The Gross Proceeds Of All Sales Or Gross Income On Businesses In The Municipality Derived From Activities Taxed At The Rate Of 7% Or More Under The Mississippi Sales Tax Law Or Such Municipality May Impose A Tourism Tax In An Amount Not To Exceed 2% Upon The Gross Proceeds Derived From Room Rentals And The Sales Of Restaurants; To Provide That The Special Sales Tax Shall Not Be Levied Unless Authorized By At Least Three-fifths Of The Votes Cast At A Referendum Called And Held For Such Purpose; To Authorize A Municipality To Incur Indebtedness In An Amount Not Greater Than An Amount For Which 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 A Tax Shall Be Used And Expended By The Municipality To Fund Capital Projects And/or Tourism; To Provide For The Discontinuance Of The Special Sales Tax Upon Completion Of The Funding Of The Projects For Which The Tax Was Levied; To Amend Section 21-33-303, Mississippi Code Of 1972, In Conformity Thereto; And For Related Purposes.

Special sales tax; authorize imposition of 1% or 2% for capital projects and/or tourism for municipalities after passage of referendum.

Rep. Roun McNeal [R]

Rep. Kathy Sykes [D]

Date	Chamber	Action
2018-02-21	House	Died In Committee
2018-01-09	House	Referred To Ways and Means

Type	Source
Summary	https://billstatus.ls.state.ms.us/2018/pdf/history/HB/HB0701.xml
Text	https://billstatus.ls.state.ms.us/documents/2018/html/HB/0700-0799/HB0701IN.htm