2005 Regular Session
To: Ways and Means
By: Representative Fleming
AN ACT TO PROVIDE A ONE PERCENT TAX UPON PROFESSIONAL SERVICE TRANSACTIONS WHICH ARE FOR MORE THAN $10,000.00; TO PROVIDE CERTAIN EXEMPTIONS FROM SUCH TAX; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. (1) There is levied, assessed and shall be collected a tax of one percent (1%) upon the service transactions of all professions regulated in Title 73, Mississippi Code of 1972, which are for more than Ten Thousand Dollars ($10,000.00).
(2) Transactions for professional services for Ten Thousand Dollars ($10,000.00) or less and professional medical service transactions are exempt from the tax levied by this section.
SECTION 2. This act shall take effect and be in force from and after July 1, 2005.