SB2927

Mississippi SB2927 extends the repealer on the bar and restaurant tourism tax in the City of Richland.

Mississippi SB2927 amends local laws to extend the repealer on the provision authorizing the City of Richland to impose a tax on bars and restaurants. The tax, not exceeding two percent of gross sales, is intended to fund tourism, parks, and recreation within the city. The repealer will remain in effect until July 1, 2030. The proceeds of the tax are to be dedicated solely for the specified purposes and must be accounted for separately from the city's general fund. Annual audits are required, with reports submitted to the city's governing authorities.