Mississippi Legislature

2000 Regular Session

House Bill 70

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Bill Text

History of Actions

Background

Title

Description: Sales tax; increase diversion to municipalities, create diversion to counties, use portion to reduce ad valorem taxes.

Bill Text: [Introduced]

History of Actions:

101/12/00(H)Referred To Ways and Means
203/07/00(H)Died In Committee

Background Information:

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

House Committee:

Principal Author: Young

Code Sections: A 027-0065-0075, A 027-0065-0053, A 021-0033-0045, A 027-0039-0303, A 027-0039-0307, A 027-0039-0317, 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 DIVERSION OF STATE SALES TAX REVENUE ALLOCATED FOR DISTRIBUTION TO ALL MUNICIPALITIES; 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 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 27-65-53, 21-33-45, 27-39-303, 27-39-307, 27-39-317, 27-39-320 AND 27-39-321, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/07/00 at 17:20.



End Of Document

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