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Bill > HB292


MS HB292

MS HB292
Sales tax; exempt sales of tangible personal property or services to Veterans Outreach.


summary

Introduced
01/10/2025
In Committee
01/10/2025
Crossed Over
Passed
Dead
02/26/2025

Introduced Session

2025 Regular Session

Bill Summary

An Act To Amend Section 27-65-111, Mississippi Code Of 1972, To Exempt From Sales Taxation Sales Of Tangible Personal Property Or Services To Veterans Outreach; And For Related Purposes.

AI Summary

This bill amends the Mississippi Code of 1972 to add a new sales tax exemption for sales of tangible personal property or services to Veterans Outreach, a nonprofit organization. Specifically, the bill adds paragraph (bb) to Section 27-65-111, which lists various sales tax exemptions in the state. By adding this exemption, Veterans Outreach will no longer be required to pay sales tax when purchasing goods or services needed for their operations. The exemption is similar to other existing sales tax exemptions for nonprofit organizations such as the Salvation Army, alumni associations, and various charitable groups. The bill will take effect on July 1, 2025, and does not impact any existing tax assessments or claims that were in place before the bill's implementation. This change aims to provide financial support to Veterans Outreach by reducing their operational costs through a sales tax exemption.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Died In Committee (on 02/26/2025)

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