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MS HB95

MS HB95
Sales tax; create diversion to the Pearl River Valley Water Supply District.


summary

Introduced
01/10/2025
In Committee
01/10/2025
Crossed Over
Passed
Dead
02/04/2025

Introduced Session

2025 Regular Session

Bill Summary

An Act To Amend Section 27-65-75, Mississippi Code Of 1972, To Provide That Eighteen And One-half Percent Of The Sales Tax Revenue Collected On Business Activities Within A County That Is A Part Of The Pearl River Valley Water Supply District On Property That Is Owned By The District And Outside Of The Corporate Limits Of Municipalities In Such County Shall Be Distributed To The Pearl River Valley Water Supply District; To Amend Section 27-65-53, Mississippi Code Of 1972, In Conformity Thereto; And For Related Purposes.

AI Summary

This bill amends Mississippi's sales tax distribution laws to create a new diversion of sales tax revenue specifically for the Pearl River Valley Water Supply District. Starting August 15, 2025, eighteen and one-half percent of the total sales tax revenue collected on business activities within a county that is part of the Pearl River Valley Water Supply District, specifically on property owned by the district and located outside of municipal corporate limits, will be allocated directly to the district. The bill also makes a corresponding technical amendment to Section 27-65-53 to include the Pearl River Valley Water Supply District in provisions related to tax overpayments and refunds. The new sales tax diversion will provide a dedicated revenue stream to the water supply district, potentially helping to fund its operations and infrastructure maintenance. The bill is set to take effect on July 1, 2025, giving state and local agencies time to prepare for the new sales tax distribution method.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Died In Committee (on 02/04/2025)

bill text


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