Mississippi Legislature
2002 Regular Session

Senate Bill 3122

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Bill Text

History of Actions

Background

Title

Description: Tobacco products; increase excise tax on, and earmark revenues from increase for certain purposes.

Bill Text: [Introduced]

History of Actions:

1 02/14 (S) Referred To Finance
2 02/27 (S) Died In Committee

Background Information:

Effective dateJuly 1, 2002
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

Senate Committee:

Principal Author: Dawkins

Code Sections: A 027-0069-0013, A 027-0069-0075, A 027-0069-0031

Title: AN ACT TO AMEND SECTION 27-69-13, MISSISSIPPI CODE OF 1972, TO INCREASE THE EXCISE TAX ON TOBACCO PRODUCTS; TO SPECIFY THE AMOUNT OF THE DISCOUNT OR COMPENSATION ON THE ADDITIONAL FACE VALUE OF STAMPS PURCHASED BY DEALERS TO COMPLY WITH THE TAX INCREASE PROVIDED FOR BY THIS ACT; TO AMEND SECTION 27-69-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PORTION OF THE REVENUE DERIVED FROM THE TAX INCREASE PROVIDED FOR BY THIS ACT SHALL BE DEPOSITED INTO SPECIAL FUNDS IN THE STATE TREASURY TO THE CREDIT OF THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER AND THE STATE DEPARTMENT OF EDUCATION; TO PROVIDE THAT THE REVENUE DERIVED FROM THE TAX INCREASE PROVIDED FOR IN THIS ACT THAT IS NOT DEPOSITED IN SUCH SPECIAL FUNDS SHALL BE DEPOSITED INTO THE STATE GENERAL FUND; TO CREATE EACH OF THOSE SPECIAL FUNDS IN THE STATE TREASURY FOR THOSE ENTITIES AND TO SPECIFY THE PURPOSES FOR WHICH THE MONIES IN EACH SPECIAL FUND MAY BE EXPENDED; TO AMEND SECTION 27-69-31, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PRECEDING PROVISIONS; TO PROVIDE THAT THIS ACT WILL STAND REPEALED ON JULY 1, 2007; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/27/02 at 17:00.

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