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AMENDMENT NO 3 PROPOSED TO

Senate Bill No. 2310

BY: Senator(s) Hewes

     AMEND by striking Sections 1, 2 and 3 and renumbering subsequent sections accordingly.

     AMEND by striking lines 162 through 278 and inserting in lieu thereof the following:

     (2)  Of the revenue collected monthly as a result of the tax assessed and levied under this chapter:

          (a)  (i)  Through June 30, 2007, Three Hundred Thousand Dollars ($300,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (ii)  From and after July 1, 2007, through June 30, 2008, Six Hundred Thousand Dollars ($600,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (iii)  From and after July 1, 2008, through June 30, 2009, Nine Hundred Thousand Dollars ($900,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (iv)  From and after July 1, 2009, through June 30, 2010, One Million Two Hundred Thousand Dollars ($1,200,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (v)  From and after July 1, 2010, through June 30, 2011, One Million Five Hundred Thousand Dollars ($1,500,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (vi)  From and after July 1, 2011, through June 30, 2012, One Million Eight Hundred Thousand Dollars ($1,800,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (vii)  From and after July 1, 2012, through June 30, 2013, Two Million One Hundred Thousand Dollars ($2,100,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (viii)  From and after July 1, 2013, through June 30, 2014, Two Million Four Hundred Thousand Dollars ($2,400,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (ix)  From and after July 1, 2014, through June 30, 2015, Two Million Seven Hundred Thousand Dollars ($2,700,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (x)  From and after July 1, 2015, through June 30, 2016, Three Million Dollars ($3,000,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (xi)  From and after July 1, 2016, through June 30, 2017, Three Million Three Hundred Thousand Dollars ($3,300,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (xii)  From and after July 1, 2017, through June 30, 2018, Three Million Six Hundred Dollars ($3,600,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (xiii)  From and after July 1, 2018, through June 30, 2019, Three Million Nine Hundred Dollars ($3,900,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (xiv)  From and after July 1, 2019, Four Million Two Hundred Dollars ($4,200,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

          (b)  (i)  Through June 30, 2007, Two Hundred Sixteen Thousand Dollars ($216,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (ii)  From and after July 1, 2007, through June 30, 2008, Four Hundred Thirty-two Thousand Dollars ($432,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (iii)  From and after July 1, 2008, through June 30, 2009, Six Hundred Forty-eight Thousand Dollars ($648,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (iv)  From and after July 1, 2009, through June 30, 2010, Eight Hundred Sixty-four Thousand Dollars ($864,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (v)  From and after July 1, 2010, through June 30, 2011, One Million Eighty Thousand Dollars ($1,080,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (vi)  From and after July 1, 2011, through June 30, 2012, One Million Two Hundred Ninety-six Thousand Dollars ($1,296,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (vii)  From and after July 1, 2012, through June 30, 2013, One Million Five Hundred Twelve Thousand Dollars ($1,512,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (viii)  From and after July 1, 2013, through June 30, 2014, One Million Seven Hundred Twenty-eight Thousand Dollars ($1,728,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (ix)  From and after July 1, 2014, through June 30, 2015, One Million Nine Hundred Forty-four Thousand Dollars ($1,944,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (x)  From and after July 1, 2015, through June 30, 2016, Two Million One Hundred Sixty Thousand Dollars ($2,160,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (xi)  From and after July 1, 2016, through June 30, 2017, Two Million Three Hundred Seventy-six Thousand Dollars ($2,376,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (xii)  From and after July 1, 2017, through June 30, 2018, Two Million Five Hundred Ninety-two Thousand Dollars ($2,592,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (xiii)  From and after July 1, 2018, through June 30, 2019, Two Million Eight Hundred Eight Thousand Dollars ($2,808,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (ix)  From and after July 1, 2019, Three Million Twenty-four Thousand Dollars ($3,024,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

          (c)  (i)  Through June 30, 2007, Fifty-four Thousand Dollars ($54,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (ii)  From and after July 1, 2007, through June 30, 2008, One Hundred Eight Thousand Dollars ($108,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (iii)  From and after July 1, 2008, through June 30, 2009, One Hundred Sixty-two Thousand Dollars ($162,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (iv)  From and after July 1, 2009, through June 30, 2010, Two Hundred Sixteen Thousand Dollars ($216,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (v)  From and after July 1, 2010, through June 30, 2011, Two Hundred Seventy Thousand Dollars ($270,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (vi)  From and after July 1, 2011, through June 30, 2012, Three Hundred Twenty-four Thousand Dollars ($324,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (vii)  From and after July 1, 2012, through June 30, 2013, Three Hundred Seventy-eight Thousand Dollars ($378,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (viii)  From and after July 1, 2013, through June 30, 2014, Four Hundred Thirty-two Thousand Dollars ($432,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (ix)  From and after July 1, 2014, through June 30, 2015, Four Hundred Eighty-six Thousand Dollars ($486,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (x)  From and after July 1, 2015, through June 30, 2016, Four Hundred Forty Thousand Dollars ($540,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (xi)  From and after July 1, 2016, through June 30, 2017, Five Hundred Ninety-four Thousand Dollars ($594,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (xii)  From and after July 1, 2017, through June 30, 2018, Six Hundred Forty-eight Thousand Dollars ($648,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (xiii)  From and after July 1, 2018, through June 30, 2019, Seven Hundred Two Thousand Dollars ($702,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (xiv)  From and after July 1, 2019, Seven Hundred Fifty-six Thousand Dollars ($756,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

     FURTHER, AMEND by striking Section 8 in its entirety and inserting in lieu thereof the following:

     SECTION 8.  The following provision shall be codified as Section 27-65-26, Mississippi Code of 1972:

     27-65-26.  (1)  From and after July 1, 2006, through June 30, 2007, retail sales of food for human consumption not purchased with food stamps issued by the United States Department of Agriculture, or other federal agency, but which would be exempt under paragraph (o) of Section 27-65-111 from the taxes imposed by this chapter if the food items were purchased with food stamps, shall be taxed at the rate of six and one-half percent (6-1/2%).

     (2)  From and after July 1, 2007, through June 30, 2008, retail sales of food for human consumption not purchased with food stamps issued by the United States Department of Agriculture, or other federal agency, but which would be exempt under paragraph (o) of Section 27-65-111 from the taxes imposed by this chapter if the food items were purchased with food stamps, shall be taxed at the rate of six percent (6%).

     (3)  From and after July 1, 2008, through June 30, 2009, retail sales of food for human consumption not purchased with food stamps issued by the United States Department of Agriculture, or other federal agency, but which would be exempt under paragraph (o) of Section 27-65-111 from the taxes imposed by this chapter if the food items were purchased with food stamps, shall be taxed at the rate of five and one-half percent (5-1/2%).

     (4)  From and after July 1, 2009, through June 30, 2010, retail sales of food for human consumption not purchased with food stamps issued by the United States Department of Agriculture, or other federal agency, but which would be exempt under paragraph (o) of Section 27-65-111 from the taxes imposed by this chapter if the food items were purchased with food stamps, shall be taxed at the rate of five percent (5%).

     (5)  From and after July 1, 2010, through June 30, 2011, retail sales of food for human consumption not purchased with food stamps issued by the United States Department of Agriculture, or other federal agency, but which would be exempt under paragraph (o) of Section 27-65-111 from the taxes imposed by this chapter if the food items were purchased with food stamps, shall be taxed at the rate of four and one-half percent (4-1/2%).

     (6)  From and after July 1, 2011, through June 30, 2012, retail sales of food for human consumption not purchased with food stamps issued by the United States Department of Agriculture, or other federal agency, but which would be exempt under paragraph (o) of Section 27-65-111 from the taxes imposed by this chapter if the food items were purchased with food stamps, shall be taxed at the rate of four percent (4%).

     (7)  From and after July 1, 2012, through June 30, 2013, retail sales of food for human consumption not purchased with food stamps issued by the United States Department of Agriculture, or other federal agency, but which would be exempt under paragraph (o) of Section 27-65-111 from the taxes imposed by this chapter if the food items were purchased with food stamps, shall be taxed at the rate of three and one-half percent (3-1/2%).

     (8)  From and after July 1, 2013, through June 30, 2014, retail sales of food for human consumption not purchased with food stamps issued by the United States Department of Agriculture, or other federal agency, but which would be exempt under paragraph (o) of Section 27-65-111 from the taxes imposed by this chapter if the food items were purchased with food stamps, shall be taxed at the rate of three percent (3%).

     (9)  From and after July 1, 2014, through June 30, 2015, retail sales of food for human consumption not purchased with food stamps issued by the United States Department of Agriculture, or other federal agency, but which would be exempt under paragraph (o) of Section 27-65-111 from the taxes imposed by this chapter if the food items were purchased with food stamps, shall be taxed at the rate of two and one-half percent (2-1/2%).

     (10)  From and after July 1, 2015, through June 30, 2016, retail sales of food for human consumption not purchased with food stamps issued by the United States Department of Agriculture, or other federal agency, but which would be exempt under paragraph (o) of Section 27-65-111 from the taxes imposed by this chapter if the food items were purchased with food stamps, shall be taxed at the rate of two percent (2%).

     (11)  From and after July 1, 2016, through June 30, 2017, retail sales of food for human consumption not purchased with food stamps issued by the United States Department of Agriculture, or other federal agency, but which would be exempt under paragraph (o) of Section 27-65-111 from the taxes imposed by this chapter if the food items were purchased with food stamps, shall be taxed at the rate of one and one-half percent (1-1/2%).

     (12)  From and after July 1, 2017, through June 30, 2018, retail sales of food for human consumption not purchased with food stamps issued by the United States Department of Agriculture, or other federal agency, but which would be exempt under paragraph (o) of Section 27-65-111 from the taxes imposed by this chapter if the food items were purchased with food stamps, shall be taxed at the rate of one percent (1%).

     (13)  From and after July 1, 2018, through June 30, 2019, retail sales of food for human consumption not purchased with food stamps issued by the United States Department of Agriculture, or other federal agency, but which would be exempt under paragraph (o) of Section 27-65-111 from the taxes imposed by this chapter if the food items were purchased with food stamps, shall be taxed at the rate of one-half percent (1/2%).

     (14)  This section shall stand repealed from and after July 1, 2019.

     FURTHER, AMEND on line 716 by changing the date "July 1, 2014" to "July 1, 2019"

     FURTHER, AMEND the title to conform.