Mississippi Legislature
2007 Regular Session

Senate Bill 3200

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Bill Text

History of Actions

Background

Title

Description: Ad valorem taxation; phase in an exemption on business inventories.

Bill Text: [Introduced]

History of Actions:

1 02/19 (S) Referred To Finance
2 02/21 (S) Died In Committee

Background Information:

Effective dateJuly 1, 2007
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

Senate Committee:

Principal Author: Robertson

Code Sections: A 027-0065-0075, A 027-0007-0022.5

Title: AN ACT TO PHASE IN, OVER A TEN-YEAR PERIOD, AN AD VALOREM TAX EXEMPTION ON COMMODITIES, GOODS, WARES AND MERCHANDISE HELD FOR RESALE BY ANY MANUFACTURER, DISTRIBUTOR OR WHOLESALE OR RETAIL MERCHANT; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR A SALES TAX DIVERSION TO COUNTIES; TO AMEND SECTION 27-7-22.5, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/21/07 at 15:21.

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