Mississippi Legislature
2001 Regular Session

House Bill 505

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Bill Text

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 taxes.

Bill Text: [Introduced]

History of Actions:

1 01/03 (H) Referred To Ways and Means
2 01/30 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2001
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredThree/Fifths

House Committee:

Principal Author: Young

Code Sections: A 027-0065-0075, A 027-0065-0053, A 021-0033-0045, A 027-0039-0203, A 027-0039-0205, 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 AMEND SECTION 27-65-53, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; TO AMEND SECTIONS 21-33-45, 27-39-303, 27-39-307, 27-39-317, 27-39-320 AND 27-39-321, 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 2001 FISCAL YEAR, AS APPROPRIATE; TO AMEND SECTIONS 27-39-203 AND 27-39-205, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/30/01 at 18:18.

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2001/html/History/HB/HB0505.htm