Mississippi Legislature
2003 Regular Session

House Bill 1607

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Bill Text

History of Actions

Background

Title

Description: Sales tax; revise rate of tax on certain sales to manufacturers.

Bill Text: [Introduced]

History of Actions:

1 02/26 (H) Referred To Ways and Means
2 02/26 (H) Died In Committee

Background Information:

Effective datePassage
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

House Committee:

Principal Author: Chism*

Code Sections: A 027-0065-0017, A 027-0065-0023, A 027-0065-0021

Title: AN ACT TO AMEND SECTIONS 27-65-17 AND 27-65-23, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT SALES OF TANGIBLE PERSONAL PROPERTY AND SERVICES, EXCEPT SALES OF RAW MATERIALS, TO MANUFACTURERS SHALL BE TAXED AT THE RATE OF TWO PERCENT; TO AMEND SECTION 27-65-21, TO PROVIDE THAT THE RATE OF THE CONTRACTOR'S SALES TAX ON AMOUNTS INCLUDED IN THE CONTRACT PRICE OR COMPENSATION RECEIVED REPRESENTING THE SALE OF MANUFACTURING OR PROCESSING MACHINERY FOR A MANUFACTURER OR CUSTOM PROCESSOR SHALL BE TWO PERCENT AND TO EXEMPT FROM THE CONTRACTOR'S SALES TAX THE PORTION OF CONTRACTS ATTRIBUTABLE TO SERVICES RENDERED TO MANUFACTURERS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/26/03 at 16:02.

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