Mississippi Legislature

1998 Regular Session

House Bill 296

[Introduced]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Sales and ad valorem taxes; increase sales tax diversion to cities, create diversion to counties, cap city and county ad valorem tax.

History of Actions:

101/06/98(H)Referred To Ways and Means
202/03/98(H)Died In Committee

Background Information:

Effective dateJuly 1, 1998
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, A 027-0039-0203, A 027-0039-0205, A 027-0039-0320, A 027-0039-0321

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 MUNICIPALITIES SHALL BE ALLOCATED FOR DISTRIBUTION TO THE COUNTY IN WHICH SUCH MUNICIPALITIES ARE LOCATED; TO AMEND SECTIONS 21-33-45, 27-39-303, 27-39-307 AND 27-39-317, MISSISSIPPI CODE OF 1972, TO CAP THE AD VALOREM TAX MILLAGE RATE THAT MAY BE LEVIED FOR GENERAL PURPOSES BY MUNICIPALITIES AND COUNTIES AT THE RATE IN EFFECT FOR THE COUNTY OR MUNICIPALITY 1998 FISCAL YEAR, AS APPROPRIATE; TO AMEND SECTIONS 27-39-203, 27-39-205, 27-39-320 AND 27-39-321, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/03/98 at 18:28.



End Of Document

1998/History/HB\HB0296.htm