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MS HB1331
MS HB1331Sales tax; deposit portion of revenue derived from certain motor vehicle rentals into the Economic Development and Infrastructure Fund.
summary
Introduced
01/19/2026
01/19/2026
In Committee
01/19/2026
01/19/2026
Crossed Over
Passed
Dead
02/03/2026
02/03/2026
Introduced Session
2026 Regular Session
Bill Summary
An Act To Amend Section 27-65-231, Mississippi Code Of 1972, To Revise The Distribution Of State Sales Tax Revenue Collected From Persons Engaging Or Continuing In This State In The Business Of Renting Motor Vehicles Under Rental Agreements With A Term Of Not More Than Thirty Continuous Days Each; To Provide That A Portion Of Such Tax Revenue Shall Be Deposited Into The Mississippi Economic Development And Infrastructure Fund; And For Related Purposes.
AI Summary
This bill amends Mississippi law to redirect a portion of sales tax revenue collected from short-term motor vehicle rentals, specifically those with rental agreements of thirty days or less, into the Economic Development and Infrastructure Fund. Previously, all such tax revenue was distributed to the county where it was collected, and then further allocated to the county, municipality, and school district based on ad valorem tax distribution. Under this new legislation, the Department of Revenue will now deposit One Million Dollars ($1,000,000.00) annually from this tax revenue into the Economic Development and Infrastructure Fund, with the remaining proceeds continuing to be distributed to local taxing districts. This change aims to provide dedicated funding for economic development and infrastructure projects within the state.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 02/03/2026)
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/2026/pdf/history/HB/HB1331.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/1300-1399/HB1331IN.htm |
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