Bill Text | History of Actions | Background | Title |
Description: Sales tax; divert an additional percentage to the City of Jackson.
Bill Text: [Introduced]
| 1 | 01/15 (S) Referred To Finance | |
| 2 | 01/30 (S) Died In Committee |
| Effective date | July 1, 2007 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
Senate Committee:
Principal Author: Horhn
Code Section: A 027-0065-0075
Title: AN ACT TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE PAYMENT OF AN ADDITIONAL PERCENTAGE OF SALES TAX REVENUE GENERATED FROM BUSINESS ACTIVITIES WITHIN THE CITY OF JACKSON, MISSISSIPPI; TO PROVIDE THAT SUCH PAYMENT TO THE CITY OF JACKSON IS FOR THE PURPOSE OF ASSISTING THE CITY TO DEFRAY THE AD VALOREM TAX LOSS THE CITY SUSTAINS AS A RESULT OF THE STATE OWNERSHIP OF PROPERTY IN THE CITY, AND FOR DEFRAYING INCREASED INFRASTRUCTURE AND PUBLIC SAFETY COSTS INCURRED BY THE CITY AS A RESULT OF BEING THE SEAT OF STATE GOVERNMENT; TO PROVIDE THE PURPOSES FOR WHICH THE REVENUE FROM SUCH DIVERSION MAY BE SPENT; TO CREATE A COMMITTEE TO DIRECT HOW THE CITY SHALL EXPEND THE PORTION OF THE REVENUE REQUIRED TO BE SPENT IN THE CENTRAL BUSINESS DISTRICT AND THE CAPITOL COMPLEX; AND FOR RELATED PURPOSES.
End Of Document
2007/html/History/SB/SB2840.htm