HB4003

Mississippi HB4003 extends the repeal date of a restaurant tax in Southaven from July 1, 2026, to July 1, 2030.

Mississippi HB4003 amends local law to extend the repeal date of a tax on restaurant sales in Southaven from July 1, 2026, to July 1, 2030. The tax, which applies to gross proceeds from sales of beverages and prepared food, is collected by restaurant operators and paid to the Department of Revenue. The tax proceeds are dedicated to tourism, parks, and recreation purposes. The tax can only be levied if approved by a 60% majority vote in an election. The bill also includes definitions for key terms such as "City," "Fiscal year," "Governing authorities," and "Restaurant.