Mississippi 2024 Regular Session

Mississippi House Bill HB1715

Introduced
2/19/24  
Refer
2/19/24  

Caption

Citizens for Economic Development Act; create.

Impact

The legislation introduces significant changes to local tax authority and funding mechanisms for capital projects across the state. By allowing local governments to levy a new tax, it aims to enhance their financial resources for development initiatives, potentially leading to improved local services and infrastructure. However, the requirement of a public referendum adds a layer of accountability to ensure that the community supports such financial measures, effectively marrying governance with local sentiments on taxation and public spending.

Summary

House Bill 1715, known as the Citizens for Economic Development Act, aims to empower municipalities and counties in Mississippi to impose a special sales tax not exceeding 1% on businesses within their jurisdiction. This tax can only be enacted following a public referendum, where at least three-fifths of voters must approve its introduction. The bill intends for the revenue collected to be allocated towards various capital projects, such as recreational facilities, senior centers, libraries, and infrastructure improvements like water and sewage systems.

Contention

Notably, the bill may raise concerns regarding potential over-reliance on local sales tax as a funding source and the implications of such taxation on local businesses and consumers. Opponents might argue that the added tax burden could deter economic activity or disproportionately affect low-income residents. Additionally, the bill provides specific guidelines for how long the tax can remain in effect—up to ten years—unless renewed, which could lead to differing opinions on its long-term viability and effect on local economies. Ensuring transparency and effective communication about project outcomes funded by this tax will also be critical to address public concerns.

Companion Bills

No companion bills found.

Previously Filed As

MS HB1168

Municipal special sales tax; revise use of revenue for certain.

MS HB1521

City of Brandon; extend repealer on tax on sales of prepared food and drink at restaurants and bars.

MS HB1068

Water Quality Accountability Act; create.

MS HB1547

City of Pascagoula; extend repealer on hotel, motel and bed-and-breakfast tax.

MS SB3060

City of Pascagoula; extend repealer on hotel/motel/bed-and-breakfast tourism tax.

MS SB2152

City of Byram; authorize governing authorities to levy parks and recreation tax on restaurants.

MS SB2520

City of Waynesboro; extend repealer on authority to levy tax on hotels, motels, restaurants and bars.

MS HB1209

City of Waynesboro; extend repealer on authority to impose tax on bars, restaurants, hotels/motels, B & Bs.

MS SB3143

City of Lucedale; authorize to levy tax upon sales of restaurants for the purposes of funding parks and recreation.

MS SB3150

City of Kosciusko; authorize election for restaurant tax to fund tourism and parks and recreation.

Similar Bills

MS HB583

Local Taxation and Tax Extension Authority Act; create.

MS SB2152

City of Byram; authorize governing authorities to levy parks and recreation tax on restaurants.

MS HB1617

County industrial development authorities certain; revise certain provisions regarding.

MS HB1230

Starkville-Oktibbeha Consolidated School District; extend bonding authority until July 1, 2027.

MS HB1757

Harrison County; clarify hotel/motel tax for Coast Coliseum and Convention Center shall solely be applied to overnight room rentals.

MS HB1897

Northwest Regional Alliance; authorize Tate, Panola, Lafayette and Yalobusha counties to form for economic development purposes.

MS HB596

Ad valorem tax levy for school districts; provide levying authority with discretion to approve request by school board.

MS HB1052

Ad valorem tax levy for school districts; provide levying authority with discretion to approve request by school board.