Bill > SB2551

This bill modifies the Mississippi sales tax revenue distribution law to divert 2% of sales tax revenue collected from activities at two specific locations: the Mississippi Coast Coliseum and Convention Center and the Mississippi State Fairgrounds. Specifically, starting from August 15, 2025, 2% of sales tax revenue from activities at the Coast Coliseum will be deposited into the Mississippi Coast Coliseum and Convention Trust Fund, while 2% of sales tax revenue from activities at the State Fairgrounds will be deposited into a special fund managed by the Department of Agriculture and Commerce. In both cases, these funds are to be used exclusively for capital improvements or major repairs to their respective facilities, and can only be spent upon legislative appropriation. The bill amends Section 27-65-75 of the Mississippi Code to add two new subsections (25 and 26) that outline these specific revenue diversions, ensuring that a small but dedicated portion of sales tax revenue will help maintain and improve these important public venues. The bill is set to take effect on July 1, 2025, providing a clear timeline for implementation of these new revenue allocations.

Budget and Finance

https://billstatus.ls.state.ms.us/2025/pdf/history/SB/SB2551.xml