Mississippi House Bill 850 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 23 2011 - 100% progression
Action: 2011-02-23 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Authorize The Governing Authorities Of Any Municipality To Impose A Special Sales Tax Of Not More Than 1% On The Gross Proceeds Of All Sales Or The Gross Income Of Businesses In The Municipality Derived From Activities Taxed At The Rate Of 7% Or More Under The Mississippi Sales Tax Law; To Provide That The Special Sales Tax Shall Not Be Levied Unless Authorized By At Least Three-fifths Of The Votes Cast At A Referendum Called And Held For Such Purpose; To Authorize A Municipality To Incur Indebtedness In An Amount Not Greater Than An Amount For Which Debt Service Is Capable Of Being Funded By The Proceeds Of The Special Sales Tax; To Provide That The Special Sales Tax Revenue Collected Pursuant To Such A Tax Shall Be Used And Expended By The Municipality To Fund Capital Projects; To Provide For The Discontinuance Of The Special Sales Tax Upon Completion Of The Funding Of The Projects For Which The Tax Was Levied; To Authorize The Board Of Supervisors Of Any County To Impose A Special Sales Tax Of Not More Than 1% On The Gross Proceeds Of All Sales Or The Gross Income Of Businesses In The County Outside The Corporate Boundaries Of Any Municipality Within Such County Derived From Activities Taxed At The Rate Of 7% Or More Under The Mississippi Sales Tax Law; To Provide That The Special Sales Tax Shall Not Be Levied Unless Authorized By At Least Three-fifths Of The Votes Cast At A Referendum Called And Held For Such Purpose; To Authorize A County To Incur Indebtedness In An Amount Not Greater Than An Amount For Which Debt Service Is Capable Of Being Funded By The Proceeds Of The Special Sales Tax; To Provide That The Special Sales Tax Revenue Collected Pursuant To Such A Tax Shall Be Used And Expended By The County To Fund Capital Projects; To Provide For The Discontinuance Of The Special Sales Tax Upon Completion Of The Funding Of The Projects For Which The Tax Was Levied; To Authorize The Board Of Supervisors Of Any County To Impose A Special Sales Tax Of Not More Than 1% On The Gross Proceeds Of All Sales Or The Gross Income Of Businesses In The County Including The Corporate Boundaries Of Any Municipality Within Such County Derived From Activities Taxed At The Rate Of 7% Or More Under The Mississippi Sales Tax Law; To Provide That The Special Sales Tax Shall Not Be Levied Unless Authorized By At Least Three-fifths Of The Votes Cast At A Referendum Called And Held For Such Purpose; To Authorize A County To Incur Indebtedness In An Amount Not Greater Than An Amount For Which Debt Service Is Capable Of Being Funded By The Proceeds Of The Special Sales Tax; To Provide That The Special Sales Tax Revenue Collected Pursuant To Such A Tax Shall Be Used And Expended By The County To Fund Capital Projects; To Provide For The Discontinuance Of The Special Sales Tax Upon Completion Of The Funding Of The Projects For Which The Tax Was Levied; To Amend Sections 21-33-303 And 19-9-5, Mississippi Code Of 1972, In Conformity Thereto; And For Related Purposes.

Mississippi Optional Sales Tax Act; enact.

Rep. Brad Mayo [R]

Date	Chamber	Action
2011-02-23		Died In Committee
2011-01-17		Referred To Ways and Means

Type	Source
Summary	https://billstatus.ls.state.ms.us/2011/pdf/history/HB/HB0850.xml
Text	https://billstatus.ls.state.ms.us/documents/2011/html/HB/0800-0899/HB0850IN.htm