Bill Text | History of Actions | Background | Title |
Description: Motor vehicles; authorize an ad valorem tax credit for motorcycles and trailers.
Bill Text: [Introduced]
| 1 | 01/26 (H) Referred To Ways and Means | |
| 2 | 02/22 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Arinder
Additional Authors: Aldridge, Bentz, Chism, Clark, Frierson, Gunn, Hamilton (109th), Janus, Mayo, Nicholson, Staples, Stevens, Sullivan, Ward, Whittington, Zuber
Code Sections: A 027-0065-0075, A 027-0067-0031
Title: AN ACT TO PROVIDE FOR A TAX CREDIT AGAINST THE AMOUNT OF AD VALOREM TAXES DUE DURING THE TAXABLE YEAR ON ANY MOTORCYCLE OR TRAILER; TO CREATE IN THE STATE TREASURY A SPECIAL FUND TO BE KNOWN AS THE MOTORCYCLE AND TRAILER AD VALOREM TAX REDUCTION FUND, WHICH SHALL BE USED FOR THE PURPOSE OF MAKING PAYMENTS TO LOCAL TAXING DISTRICTS FOR THE REDUCTION IN MOTOR VEHICLE AD VALOREM TAX REVENUES AS A RESULT OF SUCH CREDIT; TO PROVIDE FOR THE MANNER IN WHICH THE PAYMENTS TO LOCAL TAXING DISTRICTS ARE TO BE MADE; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A CERTAIN AMOUNT OF THE REVENUE GENERATED BY THE SALES TAX ON SALES OF MOTORCYCLES AND TRAILERS SHALL BE DEPOSITED INTO THE MOTORCYCLE AND TRAILER AD VALOREM TAX REDUCTION FUND; TO AMEND SECTION 27-67-31, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A CERTAIN AMOUNT OF THE USE TAX COLLECTED ON MOTORCYCLES AND TRAILERS SHALL BE DEPOSITED INTO THE MOTORCYCLE AND TRAILER AD VALOREM TAX REDUCTION FUND; AND FOR RELATED PURPOSES.
End Of Document
2006/html/History/HB/HB1494.htm