Bill Text | History of Actions | Background | Title |
Description: Sales tax; reduce rate on sales of certain food and revise certain diversions.
Bill Text: [Introduced]
| 1 | 01/08 (H) Referred To Ways and Means | |
| 2 | 02/27 (H) Died In Committee |
| Effective date | July 1, 2002 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Fleming
Code Sections: A 027-0065-0017, A 027-0065-0075, A 027-0065-0053
Title: AN ACT TO AMEND SECTION 27-65-17, MISSISSIPPI CODE OF 1972, TO REDUCE THE SALES TAX RATE ON RETAIL SALES OF FOOD FOR HUMAN CONSUMPTION NOT PURCHASED WITH FOOD STAMPS, BUT WHICH WOULD BE EXEMPT FROM SALES TAX IF SUCH FOOD WAS PURCHASED WITH FOOD STAMPS, TO 2%; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ALL OF THE SALES TAX REVENUE COLLECTED ON SUCH RETAIL SALES OF FOOD WITHIN A MUNICIPALITY SHALL BE ALLOCATED FOR DISTRIBUTION AND PAID TO SUCH MUNICIPALITY; TO INCREASE THE AMOUNT OF THE SALES TAX DIVERSION TO THE SCHOOL AD VALOREM TAX REDUCTION FUND AND THE EDUCATION ENHANCEMENT FUND; TO PROVIDE FOR THE PAYMENT OF A PERCENTAGE OF SALES TAX REVENUES GENERATED FROM BUSINESS ACTIVITIES OUTSIDE MUNICIPALITIES TO THE COUNTIES IN WHICH SUCH BUSINESS ACTIVITIES OCCURRED; TO AMEND SECTION 27-65-53, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
End Of Document
2002/html/History/HB/HB0224.htm