Bill Text | History of Actions | Background | Title |
Description: Sales tax and use tax; exempt finance charges from.
Bill Text: [Introduced]
| 1 | 01/02 (H) Referred To Ways and Means | |
| 2 | 02/21 (H) Died In Committee |
| Effective date | July 1, 2007 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Formby
Code Sections: A 027-0065-0003, A 027-0067-0003
Title: AN ACT TO AMEND SECTION 27-65-3, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FINANCE CHARGES AND CARRYING CHARGES SHALL NOT BE INCLUDED WITHIN THE MEANING OF "GROSS PROCEEDS OF SALES" FOR PURPOSES OF THE STATE SALES TAX LAW; TO AMEND SECTION 27-67-3, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FINANCE CHARGES AND CARRYING CHARGES SHALL NOT BE INCLUDED WITHIN THE MEANING OF "PURCHASE PRICE" OR "SALES PRICE" FOR PURPOSES OF THE STATE USE TAX LAW; AND FOR RELATED PURPOSES.
End Of Document
2007/html/History/HB/HB0289.htm