SB3392

Mississippi SB3392 authorizes the Town of Vaiden to levy a 2% tax on restaurant sales to fund tourism and parks and recreation.

Mississippi SB3392 allows the Town of Vaiden to impose a 2% tax on restaurant sales, with proceeds dedicated to tourism and parks and recreation. The tax requires approval from 60% of voters in an election. It must be collected and paid to the Department of Revenue like state sales taxes. The revenue must be placed in a special fund and cannot be considered general fund revenues. The tax can be discontinued by a governing authority resolution and subsequent election. The act replaces a previous law and will expire on July 1, 2030.