Mississippi Legislature

1997 Regular Session

House Bill 1133

[Introduced]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Sales tax increase diversion to cities, create diversion to counties, use diversions to reduce ad valorem taxes.

History of Actions:

101/15/97(H)Referred To Ways and Means
202/04/97(H)Died In Committee

Background Information:

Effective dateJuly 1, 1997
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredYes

House Committee:

Principal Author: Young

Code Sections: A 027-0065-0075, A 021-0033-0045, A 027-0039-0303, A 027-0039-0307, A 027-0039-0317

Title: AN ACT TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO INCREASE FROM 18.5% TO 20.5% THE AMOUNT OF THE STATE'S TOTAL SALES TAX REVENUE COLLECTIONS ON BUSINESS ACTIVITIES WITHIN A MUNICIPALITY THAT IS ALLOCATED FOR DISTRIBUTION TO SUCH MUNICIPALITY; TO PROVIDE THAT AN ADDITIONAL 2% OF THE STATE'S TOTAL SALES TAX REVENUE COLLECTIONS ON BUSINESS ACTIVITIES WITHIN A COUNTY SHALL BE ALLOCATED FOR DISTRIBUTION TO THE COUNTY; TO PROVIDE THAT ONE-HALF OF THE ADDITIONAL 2% EACH ALLOCATED FOR DISTRIBUTION TO A MUNICIPALITY AND COUNTY SHALL BE USED TO REDUCE THE AD VALOREM TAXES LEVIED BY THE MUNICIPALITY AND COUNTY; TO AMEND SECTIONS 21-33-45, 27-39-303, 27-39-307 AND 27-39-317, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/15/97 at 10:29.



End Of Document

1997/History/HB\HB1133.htm