Residents might vote on tourism tax
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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Fervor grows for Tuscaloosa Marine Shale
- Click Boutique revives Hattiesburg downtown retail district
- LNG facility hoping to begin exporting natural gas
- Doctor's murder-for-hire case postponed, mental evaluation pending
- ACLU could sue over state's new school prayer law
- District at Eastover construction to start later this year
- Hatchery releases largemouth bass fingerlings in three rivers
- Bill exempting small farms from fuel storage regs passes Senate
- John Fletcher joins Jones Walker