Bill Text | History of Actions | Background | Title |
Description: Housing assistance; reduce sales tax on certain components of modular homes, create grant program for persons having flood damage.
Bill Text: [Introduced]
| 1 | 10/05 (H) Referred To Ways and Means | |
| 2 | 10/05 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | None | |
| Revenue | No | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Peranich
Additional Authors: Brown, Flaggs, Franks, Holland, Moak, Stringer, Watson
Code Section: A 027-0065-0017
Title: AN ACT TO AMEND SECTION 27-65-17, MISSISSIPPI CODE OF 1972, TO REDUCE THE SALES TAX ON THE FACTORY BUILT COMPONENTS OF MODULAR HOMES, PANELIZED HOMES AND PRECUT HOMES; TO REQUIRE SELLERS OF MODULAR HOMES, PANELIZED HOMES AND PRECUT HOMES TO DISCLOSE TO THE BUYERS OF SUCH HOMES THE AMOUNT OF SALES TAX OR USE TAX PAID ON THE FACTORY BUILT COMPONENTS OF SUCH HOMES; TO PROVIDE THAT THE STATE TAX COMMISSION SHALL PRESCRIBE BY REGULATION THE MANNER IN WHICH SUCH DISCLOSURE SHALL BE MADE; TO ESTABLISH A GRANT PROGRAM TO PROVIDE FUNDS TO CERTAIN COUNTIES AND MUNICIPALITIES FOR THE PURPOSE OF MAKING GRANTS TO INDIVIDUALS WHO SUSTAINED PHYSICAL DAMAGE TO HOMES DUE TO FLOODING, STORM SURGE OR OTHER CATEGORIES OF DAMAGE SET FORTH IN RULES AND REGULATIONS OF THE DEPARTMENT OF FINANCE AND ADMINISTRATION, AS A RESULT OF HURRICANE KATRINA, WHO HAD NO FLOOD INSURANCE OR OTHER INSURANCE PROVIDING COVERAGE FOR SUCH DAMAGE OR HAD FLOOD INSURANCE BUT HAD A FLOOD LOSS THAT EXCEEDED SUCH INSURANCE, AND WHO WERE NOT COVERED BY OTHER INSURANCE OR SOURCE OF REIMBURSEMENT; TO PROVIDE THAT THE DEPARTMENT OF FINANCE AND ADMINISTRATION SHALL ADMINISTER THE PROGRAM; TO PROVIDE THE MAXIMUM AMOUNT FOR SUCH GRANTS; TO ESTABLISH CERTAIN ELIGIBILITY REQUIREMENTS FOR THE RECEIPT OF SUCH GRANTS; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS FOR THE PURPOSE OF PROVIDING FUNDS FOR THE GRANT PROGRAM; TO REQUIRE NOTICE TO BE GIVEN TO CERTAIN MEMBERS OF THE LEGISLATURE BEFORE A PUBLIC CEREMONY TO ANNOUNCE THE AWARD OF A GRANT UNDER THIS ACT; TO REQUIRE THAT CERTAIN DOCUMENTS PREPARED IN CONNECTION WITH A GRANT MADE UNDER THIS ACT CONTAIN LANGUAGE THAT THE GRANT FUNDS WERE MADE AVAILABLE BY THE LEGISLATURE; AND FOR RELATED PURPOSES.
End Of Document
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