Bill Text | History of Actions | Background | Title |
Description: Sales tax; revise rate of tax on certain sales to manufacturers.
Bill Text: [Introduced]
| 1 | 02/26 (H) Referred To Ways and Means | |
| 2 | 02/26 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Chism*
Code Sections: A 027-0065-0017, A 027-0065-0023, A 027-0065-0021
Title: AN ACT TO AMEND SECTIONS 27-65-17 AND 27-65-23, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT SALES OF TANGIBLE PERSONAL PROPERTY AND SERVICES, EXCEPT SALES OF RAW MATERIALS, TO MANUFACTURERS SHALL BE TAXED AT THE RATE OF TWO PERCENT; TO AMEND SECTION 27-65-21, TO PROVIDE THAT THE RATE OF THE CONTRACTOR'S SALES TAX ON AMOUNTS INCLUDED IN THE CONTRACT PRICE OR COMPENSATION RECEIVED REPRESENTING THE SALE OF MANUFACTURING OR PROCESSING MACHINERY FOR A MANUFACTURER OR CUSTOM PROCESSOR SHALL BE TWO PERCENT AND TO EXEMPT FROM THE CONTRACTOR'S SALES TAX THE PORTION OF CONTRACTS ATTRIBUTABLE TO SERVICES RENDERED TO MANUFACTURERS; AND FOR RELATED PURPOSES.
End Of Document
2003/html/History/HB/HB1607.htm