A new law was introduced affecting municipalities in the state of Mississippi. The new law which is referred to as SB 3268 allows municipalities in Mississippi with a population of 150,000 plus to charge a special 1% sales and use tax. SB 3268 law directs any municipality enforcing the tax to institute a commission for the tax. The members of the commission are obliged to attain a surety bond in the amount of $25,000. The surety bond is conditioned on the faithful execution of the responsibilities of office. SB 3268 was enacted on March 11th, 2009.