Bill Text | History of Actions | Background | Title |
Description: Sales tax; increase diversion to municipalities, create diversion to counties, use portion to reduce ad valorem taxes.
Bill Text: [Introduced]
| 1 | 01/03 (H) Referred To Ways and Means | |
| 2 | 01/30 (H) Died In Committee |
| Effective date | July 1, 2001 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Young
Code Sections: A 027-0065-0075, A 027-0065-0053, A 021-0033-0045, A 027-0039-0303, A 027-0039-0307, A 027-0039-0317, A 027-0039-0320, A 027-0039-0321
Title: AN ACT TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO INCREASE FROM 18.5% TO 20.5% THE DIVERSION OF STATE SALES TAX REVENUE ALLOCATED FOR DISTRIBUTION TO ALL MUNICIPALITIES; TO PROVIDE THAT AN ADDITIONAL 2% OF THE STATE'S TOTAL SALES TAX REVENUE COLLECTIONS ON BUSINESS ACTIVITIES WITHIN MUNICIPALITIES SHALL BE ALLOCATED FOR DISTRIBUTION TO THE COUNTY IN WHICH SUCH MUNICIPALITIES ARE LOCATED; TO PROVIDE THAT ONE-HALF OF THE ADDITIONAL 2% EACH ALLOCATED FOR DISTRIBUTION TO A MUNICIPALITY AND COUNTY SHALL BE USED TO REDUCE THE AD VALOREM TAXES LEVIED BY THE MUNICIPALITY AND COUNTY; TO AMEND SECTIONS 27-65-53, 21-33-45, 27-39-303, 27-39-307, 27-39-317, 27-39-320 AND 27-39-321, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
End Of Document
2001/html/History/HB/HB0503.htm