Bill Text | History of Actions | Background | Title |
Description: Sales taxation; sales tax system for the Twenty-first Century Act.
Bill Text: [Introduced]
| 1 | 01/05 (S) Referred To Finance | |
| 2 | 01/30 (S) Died In Committee |
| Effective date | July 1, 2001 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
Senate Committee:
Principal Author: Smith
Title: AN ACT TO CREATE THE "STREAMLINED SALES TAX SYSTEM FOR THE TWENTY-FIRST CENTURY ACT"; TO REQUIRE THE STATE TAX COMMISSION TO ENTER INTO DISCUSSIONS WITH STATES REGARDING DEVELOPMENT OF A MULTI-STATE, VOLUNTARY, STREAMLINED SYSTEM FOR SALES AND USE TAX COLLECTION AND ADMINISTRATION; TO PROVIDE THAT THESE DISCUSSIONS SHALL FOCUS ON A SYSTEM THAT WOULD HAVE THE CAPABILITY TO DETERMINE WHETHER THE TRANSACTION IS TAXABLE OR TAX EXEMPT, THE APPROPRIATE TAX RATE APPLIED TO THE TRANSACTION, AND THE TOTAL TAX DUE ON THE TRANSACTION AND PROVIDE A METHOD FOR COLLECTING AND REMITTING SALES AND USE TAXES TO THE STATE; TO PROVIDE THAT RETURN INFORMATION SUBMITTED TO ANY PARTY ACTING FOR AND ON BEHALF OF THE STATE OF MISSISSIPPI SHALL BE TREATED AS CONFIDENTIAL TAXPAYER INFORMATION; TO CREATE A LEGISLATIVE OVERSIGHT COMMITTEE; TO REQUIRE THAT THE STATE TAX COMMISSION SHALL REPORT ON THE STATUS OF THE MULTI-STATE DISCUSSIONS BY MARCH 1, 2002; AND FOR RELATED PURPOSES.
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2001/html/History/SB/SB2278.htm