Bill Text | History of Actions | Background | Title |
Description: City of Ridgeland; authorize to impose special sales tax to fund certain capital improvement projects.
Bill Text: [Introduced]
| 1 | 03/13 (H) Referred To Local and Private Legislation;Ways and Means | |
| 2 | 03/21 (H) DR - TSDPCS: LP To WM | |
| 3 | 04/05 (H) Died In Committee |
| Effective date | VRA | |
| Disposition | Dead | |
| Deadline | None | |
| Revenue | No | |
| Vote type required | Three/Fifths |
House Committees:
Principal Author: Baker (74th)
Additional Authors: Coleman (65th), Denny, Fleming, Martinson
Title: AN ACT TO AUTHORIZE THE GOVERNING AUTHORITIES OF THE CITY OF RIDGELAND, MISSISSIPPI, TO IMPOSE A SPECIAL SALES TAX OF NOT MORE THAN ONE PERCENT ON THE GROSS PROCEEDS OF ALL SALES OR THE GROSS INCOME OF BUSINESSES IN THE CITY DERIVED FROM ACTIVITIES TAXED AT THE RATE OF SEVEN PERCENT UNDER THE MISSISSIPPI SALES TAX LAW AND FROM CERTAIN RETAIL SALES OF FOOD; TO PROVIDE THAT THE SPECIAL SALES TAX SHALL NOT BE LEVIED UNLESS AUTHORIZED BY AT LEAST 60% OF THE VOTERS IN AN ELECTION CALLED AND HELD ON THE ISSUE OF THE TAX LEVY; TO AUTHORIZE THE CITY TO ISSUE BONDS OR OTHERWISE INCUR INDEBTEDNESS IN AN AMOUNT NOT GREATER THAN THE AMOUNT FOR WHICH DEBT SERVICE IS CAPABLE OF BEING FUNDED BY THE PROCEEDS OF THE SPECIAL SALES TAX; TO PROVIDE THAT THE REVENUE COLLECTED UNDER THE SPECIAL SALES TAX SHALL BE USED AND EXPENDED BY THE CITY ONLY TO FUND CERTAIN CAPITAL IMPROVEMENT PROJECTS; TO PROVIDE FOR THE DISCONTINUANCE OF THE SPECIAL SALES TAX UPON COMPLETION OF THE FUNDING OF THE CAPITAL IMPROVEMENT PROJECTS FOR WHICH THE TAX WAS LEVIED; AND FOR RELATED PURPOSES.
End Of Document
2006/html/History/HB/HB1674.htm