SOUTHAVEN — A special election where Southaven residents decide if they want to place a 1 percent tourism tax on restaurant tabs could be held Oct. 5.
Mayor Greg Davis will ask the board of aldermen tomorrow to approve this date for the nonbinding referendum on the tourism tax.
Davis tells The Commercial Appeal that projections show that the 1 percent tax on restaurants could generate $1 million annually, saving the city from raising property taxes to cover the expense of expanding the parks and other infrastructure improvements.
Davis said their research has shown that at least 60 percent of the tourism tax revenue will come from people who do not live in the city.
Southaven, along with Horn Lake and Hernando, already levy a 1 percent tax on hotel and motel bills.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info