Chapter 861, Laws of 1983;
Chapter 901, Laws of 1988;
Chapter 899, Laws of 1992;
Chapter 978, Laws of 1993;
Chapter 1002, Laws of 1995;
Senate Bill 3219, 1997 Regular Session
A 2% tax is imposed on the gross revenue derived from occupancy of inns, bed and breakfast establishments, hotels, motels located in Corinth, and on the gross revenue derived from the sale of prepared food and beverages by restaurants in Corinth.
When 50% or more of the gross revenue of a restaurant derives from the sale of prepared food, the tax is assessed upon the gross revenue derived from the sale of all foods and beverages served by such restaurant.
When less than 50% of the gross revenue of a restaurant derives from the sale of prepared food, the tax is only assessed on the gross revenue derived from the sale of prepared foods. This levy is in addition to all other taxes imposed. Effective October 1, 1983. No repeal date.