Mississippi Legislature
2004 Regular Session

House Bill 507

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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 01/21 (H) Referred To Ways and Means
2 03/31 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2004
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

House Committee:

Principal Author: Fleming

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 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, THE STATE DEPARTMENT OF EDUCATION, THE STATE VETERANS AFFAIRS BOARD, THE STATE INSTITUTIONS OF HIGHER LEARNING AND THE GOVERNOR'S OFFICE-DIVISION OF MEDICAID, NOT TO EXCEED A MAXIMUM AMOUNT OF THE REVENUE COLLECTED DURING ANY FISCAL YEAR FOR EACH FUND; 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SECTION 27-69-31, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PRECEDING PROVISIONS; TO PROVIDE THAT THIS ACT WILL STAND REPEALED ON JULY 1, 2011; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/31/04 at 16:06.

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