History of Actions | Background | Title |
Description: Sales tax; delete insurance payment on totaled vehicle from gross proceeds of sale of replacement vehicle.
| 1 | 01/13/97 | (H) | Referred To Ways and Means | |
| 2 | 02/26/97 | (H) | Died In Committee |
| Effective date | July 1, 1997 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Davis (7th)
Additional Authors: Miller, Robertson, Woods
Code Sections: A 027-0065-0003, A 027-0067-0003, A 027-0065-0201, A 027-0065-0017, A 027-0067-0005, A 027-0065-0031, A 027-0067-0011, A 027-0065-0033, A 027-0067-0017
Title: AN ACT TO AMEND SECTIONS 27-65-3 AND 27-67-3, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE PAYMENT BY AN INSURANCE COMPANY ON A MOTOR VEHICLE TOTAL LOSS CLAIM WHICH IS APPLIED TOWARD ANOTHER MOTOR VEHICLE SHALL BE EXCLUDED FROM "GROSS PROCEEDS OF SALES" OR "PURCHASE PRICE" OR "SALES PRICE" FOR THE PURPOSE OF COMPUTING SALES OR USE TAX; TO AMEND SECTION 27-65-201, MISSISSIPPI CODE OF 1972, TO EXCLUDE SUCH INSURANCE PAYMENTS FROM THE COMPUTATION OF SALES OR USE TAX ON MOTOR VEHICLES SOLD BY INDIVIDUALS OTHER THAN LICENSED MOTOR VEHICLE DEALERS; TO AMEND SECTIONS 27-65-17 AND 27-67-5, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; TO AMEND SECTIONS 27-65-31 AND 27-67-11, MISSISSIPPI CODE OF 1972, TO REQUIRE THE STATE TAX COMMISSION TO DESIGN A TOTAL LOSS CLAIM CERTIFICATION FORM THAT AN INSURANCE COMPANY SHALL USE TO CERTIFY THE AMOUNT OF A TOTAL LOSS CLAIM PAYMENT ON A MOTOR VEHICLE AND TO REQUIRE THE PERSON LIABLE FOR COLLECTING THE SALES OR USE TAX TO COLLECT THE FORM; TO AMEND SECTIONS 27-65-33 AND 27-67-17, MISSISSIPPI CODE OF 1972, TO REQUIRE TOTAL LOSS CLAIM CERTIFICATION FORMS TO BE REMITTED TO THE STATE TAX COMMISSION WHEN SALES AND USE TAX RETURNS ARE FILED; AND FOR RELATED PURPOSES.
End Of Document
1997/History/HB\HB1049.htm