History of Actions | Background | Title |
Description: Taxation; exempt sales to certain 501(c)(3) organizations from sales taxation.
| 1 | 02/06/98 | (S) | Referred To Finance | |
| 2 | 02/25/98 | (S) | Died In Committee |
| Effective date | July 1, 1998 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
Senate Committee:
Principal Author: Frazier
Code Section: A 027-0065-0111
Title: AN ACT TO PROVIDE THAT CERTAIN CHARITABLE ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE THAT ARE SEEKING A SALES TAX EXEMPTION UNDER SECTION 27-65-111(Y), SHALL ANNUALLY APPLY FOR SUCH EXEMPTION WITH THE STATE TAX COMMISSION; TO PRESCRIBE CERTAIN REQUIREMENTS THAT MUST BE MET IN ORDER FOR SUCH AN ORGANIZATION TO BE ELIGIBLE FOR SUCH EXEMPTION; TO PROVIDE THAT UPON A FINDING BY THE STATE TAX COMMISSION THAT THE ORGANIZATION HAS MET THE NECESSARY REQUIREMENTS, THE ORGANIZATION SHALL BE ELIGIBLE FOR THE SALES TAX EXEMPTION AND THE STATE TAX COMMISSION SHALL ISSUE THE ORGANIZATION DOCUMENTATION THAT CAN BE PRESENTED TO VENDORS VERIFYING THAT IT IS ELIGIBLE FOR THE EXEMPTION; TO AMEND SECTION 27-65-111, MISSISSIPPI CODE OF 1972, TO PROVIDE A SALES TAX EXEMPTION TO CHARITABLE ORGANIZATIONS THAT QUALIFY FOR SUCH EXEMPTION PURSUANT TO THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
1998/History/SB\SB3179.htm