History of Actions | Background | Title |
Description: Taxation, sales; increase the sales tax on the casual sales of motor vehicles.
| 1 | 01/09/97 | (S) | Referred To Finance | |
| 2 | 02/26/97 | (S) | Died In Committee |
| Effective date | *July 1, 1997 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
Senate Committee:
Principal Author: Little
Code Sections: A 027-0065-0201, A 027-0065-0075, A 027-0067-0031, RP 027-0067-0035
Title: AN ACT TO AMEND SECTION 27-65-201, MISSISSIPPI CODE OF 1972, TO INCREASE THE SALES AND USE TAX UPON CASUAL SALES OF CERTAIN MOTOR VEHICLES BY 2%; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE REVENUE COLLECTED FROM THE 2% INCREASE IN THE SALES TAX UPON CASUAL SALES OF CERTAIN MOTOR VEHICLES SHALL BE DEPOSITED, WITHOUT DIVERSION, INTO THE MOTOR VEHICLE AD VALOREM TAX REDUCTION FUND; TO PROVIDE THAT THE REMAINDER OF THE REVENUE COLLECTED FROM AND AFTER JULY 1, 1997, FROM THE SALES TAX UPON CASUAL SALES OF CERTAIN MOTOR VEHICLES SHALL BE DEPOSITED, AFTER DIVERSION, INTO THE MOTOR VEHICLE AD VALOREM TAX REDUCTION FUND; TO AMEND SECTION 27-67-31, MISSISSIPPI CODE OF 1972, TO REQUIRE THE DIVERSION OF CERTAIN USE TAX REVENUE DIRECTLY TO THE MOTOR VEHICLE AD VALOREM TAX REDUCTION FUND WITHOUT SUCH REVENUE FIRST BEING DEPOSITED INTO THE GENERAL FUND BY THE STATE TAX COMMISSION; TO REPEAL SECTION 27-67-35, MISSISSIPPI CODE OF 1972, WHICH REQUIRES CERTAIN USE TAX REVENUE TO BE DEPOSITED INTO THE GENERAL FUND AND THEN DISBURSED BY THE STATE TREASURER TO THE MOTOR VEHICLE AD VALOREM TAX REDUCTION FUND; AND FOR RELATED PURPOSES.
End Of Document
1997/History/SB\SB2384.htm