HB1956: City of Verona; authorize the levying of an additional special sales tax for water and sewer infrastructure.

Legislative Summary

An Act To Authorize The Governing Authorities Of The City Of Verona, Mississippi, To Impose A Special Sales Tax Of Not More Than One-fourth Of One Percent On The Gross Proceeds Of All Sales Or The Gross Income Of Businesses In The Municipality Derived From Activities Taxed At The Rate Of 7% Or More Under The Mississippi Sales Tax Law; To Provide Certain Exemptions From The Special Sales Tax Authorized By This Act; To Provide That The Special Sales Tax Shall Not Be Levied Unless Authorized By At Least 60% Of The Votes Cast At An Election Called And Held For Such Purpose; To Provide The Revenue Collected From The Special Sales Tax May Be Used And Expended Solely For Water And Sewer Infrastructure; And For Related Purposes.