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Bill > HB292
MS HB292
MS HB292Sales tax; exempt sales of tangible personal property or services to Veterans Outreach.
summary
Introduced
01/10/2025
01/10/2025
In Committee
01/10/2025
01/10/2025
Crossed Over
Passed
Dead
02/26/2025
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB0292.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2025/html/HB/0200-0299/HB0292IN.htm |
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