Mississippi Legislature
2005 Regular Session

House Bill 201

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Bill Text

History of Actions

Background

Title

Description: Sales tax; impose on certain rentals of real property.

Bill Text: [Introduced]

History of Actions:

1 01/04 (H) Referred To Ways and Means
2 02/23 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2005
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

House Committee:

Principal Author: Fleming

Code Sections: A 027-0065-0023, A 027-0065-0075, A 027-0065-0053

Title: AN ACT TO AMEND SECTION 27-65-23, MISSISSIPPI CODE OF 1972, TO IMPOSE A SALES TAX ON THE RENTING OR LEASING OF REAL PROPERTY, EXCEPT WHEN THE RENTING OR LEASING IS FOR THE USE OF THE LAND ONLY; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT 50% OF THE SALES TAX REVENUE FROM SUCH RENTALS OR LEASES WITHIN A MUNICIPALITY SHALL BE ALLOCATED FOR DISTRIBUTION AND PAID TO SUCH MUNICIPALITY; TO PROVIDE THAT 25% OF THE SALES TAX REVENUE FROM SUCH RENTALS OR LEASES WITHIN A COUNTY, REGARDLESS OF WHETHER INSIDE OR OUTSIDE A MUNICIPALITY, SHALL BE ALLOCATED FOR DISTRIBUTION AND PAID TO SUCH COUNTY; TO AMEND SECTION 27-65-53, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/23/05 at 16:04.

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