MISSISSIPPI LEGISLATURE
2004 Regular Session
To: Banking and Financial Services; Ways and Means
By: Representative Fleming
AN ACT TO IMPOSE A TAX ON THE AMOUNT OF ANY FEES CHARGED TO USERS OF AUTOMATED TELLER MACHINES (ATM) AS TRANSACTION FEES FOR THE USE OF THE ATM; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. There is imposed a tax of one percent (1%) of the amount of any fee charged to a user of an automated teller machine (ATM) as a transaction fee for the use of the ATM. The tax shall be collected from the user by the owner of the ATM at the time of the transaction. The owner of the ATM shall remit the proceeds of the tax collected each month to the State Tax Commission not later than the fifteenth day of the following month, and the Tax Commission shall deposit the proceeds of the tax into the State General Fund.
SECTION 2. This act shall take effect and be in force from and after July 1, 2004.