History of Actions | Background | Title |
Description: Sales tax; exempt finance charges from.
| 1 | 01/05/99 | (S) | Referred To Finance | |
| 2 | 02/24/99 | (S) | Died In Committee |
| Effective date | July 1, 1999 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
Senate Committee:
Principal Author: Blackmon
Code Sections: A 027-0065-0003, A 027-0065-0021
Title: AN ACT TO AMEND SECTION 27-65-3, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FINANCE CHARGES AND CARRYING CHARGES SHALL NOT BE INCLUDED WITHIN THE MEANING OF GROSS PROCEEDS OF SALES FOR PURPOSES OF THE STATE SALES TAX LAW; TO AMEND SECTION 27-65-21, MISSISSIPPI CODE OF 1972, TO REMOVE FINANCE CHARGES AND LATE CHARGES FROM THE MEANING OF COMPENSATION FOR PURPOSES OF THE CONTRACTING SALES TAX; AND FOR RELATED PURPOSES.
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