Mississippi Legislature
2001 Regular Session

Senate Bill 2619

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Bill Text

History of Actions

Background

Title

Description: Special fuel; tax special fuel at the time of withdrawal from the terminal.

Bill Text: [Introduced]

History of Actions:

1 01/15 (S) Referred To Finance
2 01/30 (S) Died In Committee

Background Information:

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

Senate Committee:

Principal Author: Minor

Code Sections: A 027-0055-0505, A 027-0055-0507, A 027-0055-0519, A 027-0055-0527, A 027-0055-0529

Title: AN ACT TO AMEND SECTIONS 27-55-505, 27-55-507, 27-55-519, 27-55-527 AND 27-55-529, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT SPECIAL FUEL TAX SHALL BE PAID BY THE PERSON THAT HOLDS THE INVENTORY POSITION OF THE SPECIAL FUEL AS REFLECTED IN THE RECORDS OF THE TERMINAL OPERATOR AT THE TIME OF WITHDRAWAL FROM THE TERMINAL; TO INCREASE THE MAXIMUM AMOUNT OF THE SURETY BOND THAT THE STATE TAX COMMISSION MAY REQUIRE IN ORDER FOR A PERSON TO ENGAGE IN BUSINESS AS A DISTRIBUTOR OF SPECIAL FUEL; TO CREATE A NEW CODE SECTION TO BE CODIFIED AS SECTION 27-55-520, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A REFUND FOR EXEMPT SALES BY DISTRIBUTORS WHO HAVE NO TAX LIABILITY TO OFFSET THE EXEMPTION; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/30/01 at 01:02.

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