MISSISSIPPI LEGISLATURE

2014 Regular Session

To: Gaming; Appropriations

By: Representative Johnson

House Bill 1243

AN ACT TO AMEND SECTION 75-76-129, MISSISSIPPI CODE OF 1972, TO REVISE THE DISTRIBUTION OF STATE GAMING REVENUES, OTHER THAN CERTAIN LOCAL GOVERNMENT FEES, AND TO PHASE IN THE REVISION OVER A FOUR-YEAR PERIOD; TO PROVIDE THAT THE TOTAL AMOUNT OF SUCH REVENUES SHALL BE DEPOSITED IN THE STATE GENERAL FUND DURING THE FIRST YEAR; TO PROVIDE THAT SUCH REVENUES SHALL BE DEPOSITED IN PART IN THE STATE GENERAL FUND AND IN PART IN THE STATE HIGHWAY FUND DURING THE SECOND AND THIRD YEARS; TO PROVIDE THAT THE TOTAL AMOUNT OF SUCH REVENUES SHALL BE DEPOSITED IN THE STATE HIGHWAY FUND DURING THE FOURTH YEAR AND EACH YEAR THEREAFTER; TO DELETE THE PROVISION THAT A CERTAIN PORTION OF SUCH REVENUES BE DIVERTED TO THE GAMING COUNTIES BOND SINKING FUND; AND FOR RELATED PURPOSES.

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1.  Section 75-76-129, Mississippi Code of 1972, is amended as follows:

      * * *

[Through June 30, 2022, this section shall read as follows:]

     75-76-129.  On or before the last day of each month all taxes, fees, interest, penalties, damages, fines or other monies collected by the * * *State Tax Commission Department of Revenue during that month under the provisions of this chapter, with the exception of  * * *(a) the local government fees imposed under Section 75-76-195,  * * *and (b) an amount equal to Three Million Dollars ($3,000,000.00) of the revenue collected pursuant to the fee imposed under Section 75‑76‑177(1)(c) shall be paid by the * * *State Tax Commission Department of Revenue to the State Treasurer to be deposited as follows:

(a)  For Fiscal Year 2015, the entire amount collected shall be deposited in the State General Fund.

(b)  For Fiscal Year 2016, one-third (1/3) of the amount collected shall be deposited in the State Highway Fund, and two-thirds (2/3) of the amount collected shall be deposited in the State General Fund.

(c)  For Fiscal Year 2017, two-thirds (2/3) of the amount collected shall be deposited in the State Highway Fund, and one-third (1/3) of the amount collected shall be deposited in the State General Fund.

(d)  For Fiscal Year 2018, and each fiscal year thereafter, the entire amount collected shall be deposited in the State Highway Fund.

     The local government fees shall be distributed by the * * *State Tax Commission Department of Revenue pursuant to Section 75-76-197. * * *An amount equal to Three Million Dollars ($3,000,000.00) of the revenue collected during that month pursuant to the fee imposed under Section 75‑76‑177(1)(c) shall be deposited by the * * *State Tax Commission Department of Revenue into the bond sinking fund created in Section 65‑39‑3.

 * * *[From and after July 1, 2022, this section shall read as follows:]

75‑76‑129.  On or before the last day of each month, all taxes, fees, interest, penalties, damages, fines or other monies collected by the * * *State Tax Commission Department of Revenue during that month under the provisions of this chapter, with the exception of the local government fees imposed under Section 75‑76‑195, shall be paid by the * * *State Tax Commission Department of Revenue to the State Treasurer to be deposited in the State General Fund.  The local government fees shall be distributed by the * * *State Tax Commission Department of Revenue pursuant to Section 75‑76‑197.

SECTION 2.  This act shall take effect and be in force from and after July 1, 2014.

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