Mississippi Legislature
2006 Regular Session

House Bill 1494

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Bill Text

History of Actions

Background

Title

Description: Motor vehicles; authorize an ad valorem tax credit for motorcycles and trailers.

Bill Text: [Introduced]

History of Actions:

1 01/26 (H) Referred To Ways and Means
2 02/22 (H) Died In Committee

Background Information:

Effective datePassage
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

House Committee:

Principal Author: Arinder

Additional Authors: Aldridge, Bentz, Chism, Clark, Frierson, Gunn, Hamilton (109th), Janus, Mayo, Nicholson, Staples, Stevens, Sullivan, Ward, Whittington, Zuber

Code Sections: A 027-0065-0075, A 027-0067-0031

Title: AN ACT TO PROVIDE FOR A TAX CREDIT AGAINST THE AMOUNT OF AD VALOREM TAXES DUE DURING THE TAXABLE YEAR ON ANY MOTORCYCLE OR TRAILER; TO CREATE IN THE STATE TREASURY A SPECIAL FUND TO BE KNOWN AS THE MOTORCYCLE AND TRAILER AD VALOREM TAX REDUCTION FUND, WHICH SHALL BE USED FOR THE PURPOSE OF MAKING PAYMENTS TO LOCAL TAXING DISTRICTS FOR THE REDUCTION IN MOTOR VEHICLE AD VALOREM TAX REVENUES AS A RESULT OF SUCH CREDIT; TO PROVIDE FOR THE MANNER IN WHICH THE PAYMENTS TO LOCAL TAXING DISTRICTS ARE TO BE MADE; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A CERTAIN AMOUNT OF THE REVENUE GENERATED BY THE SALES TAX ON SALES OF MOTORCYCLES AND TRAILERS SHALL BE DEPOSITED INTO THE MOTORCYCLE AND TRAILER AD VALOREM TAX REDUCTION FUND; TO AMEND SECTION 27-67-31, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A CERTAIN AMOUNT OF THE USE TAX COLLECTED ON MOTORCYCLES AND TRAILERS SHALL BE DEPOSITED INTO THE MOTORCYCLE AND TRAILER AD VALOREM TAX REDUCTION FUND; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/22/06 at 18:37.

End Of Document
2006/pdf/History/HB/HB1494.htm