City of Water Valley; authorize a tax on restaurants to promote tourism, parks and recreation.

HB 1958 would authorize Water Valley, Mississippi, to impose a 1% tax on restaurant sales (excluding schools/hospitals) to fund local tourism promotion and parks/recreation programs. The city must first hold a voter election requiring 60% approval before implementing the tax, with funds strictly tracked in a separate account and reported annually. Revenue would be collected like sales tax and paid to the city monthly, with all proceeds dedicated solely to tourism and recreation projects. The tax would expire on July 1, 2029, and requires city officials to notify the state revenue department before collection.