Mississippi Legislature

1999 Regular Session

Senate Bill 2348

[Introduced]

Instructions Bill Status Menu




History of Actions

Background

Title

Description: Budget; transfer from the General Fund an amount equal to a certain portion of sales tax growth to counties.

History of Actions:

101/07/99(S)Referred To Finance
202/02/99(S)Died In Committee

Background Information:

Effective dateJuly 1, 2000
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredNo

Senate Committee:

Principal Author: Rayborn

Code Section: A 027-0104-0027

Title: AN ACT TO CREATE A SPECIAL FUND TO BE DESIGNATED THE COUNTY REVOLVING FUND; TO PROVIDE THAT BEGINNING WITH THE END OF FISCAL YEAR 2000 AND EACH FISCAL YEAR THEREAFTER, THE STATE TREASURER SHALL TRANSFER TO THE COUNTY REVOLVING FUND AN AMOUNT EQUAL TO 18-1/2% OF THE AMOUNT THAT THE SALES TAX REVENUE COLLECTED AFTER DIVERSION IN SUCH FISCAL YEAR EXCEED THE AMOUNT OF THE SALES TAX REVENUE COLLECTED AFTER DIVERSION IN FISCAL YEAR 2000; TO PROVIDE THAT THE ENTIRE AMOUNT TRANSFERRED TO THE COUNTY REVOLVING FUND SHALL BE DISTRIBUTED ANNUALLY TO THE VARIOUS COUNTIES IN THE PROPORTION THAT THE POPULATION OF EACH COUNTY BEARS TO THE TOTAL POPULATION OF THE STATE; TO AMEND SECTION 27-104-27, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/02/99 at 17:10.



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