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

SB 3265 authorizes the City of Water Valley, Mississippi, to impose a 1% tax on restaurant sales (excluding sales at hospitals, schools, or nursing homes) to fund tourism promotion and parks/recreation programs. The tax requires voter approval via a city election where 60% of votes must support it, and revenue must be spent solely on these designated purposes without blending with general city funds. The tax expires on July 1, 2029, and must be collected like state sales tax, with separate accounting and annual audits required. It directly affects restaurants operating within Water Valley’s city limits.