Bill Text: MS HB1126 | 2017 | Regular Session | Introduced
Bill Title: Taxing entities; require to file annual report on tax revenues with Department of Revenue instead of State Auditor.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2017-02-09 - Died On Calendar [HB1126 Detail]
Download: Mississippi-2017-HB1126-Introduced.html
MISSISSIPPI LEGISLATURE
2017 Regular Session
To: Accountability, Efficiency, Transparency; Ways and Means
By: Representative Turner
House Bill 1126
AN ACT TO AMEND SECTION 27-101-21, MISSISSIPPI CODE OF 1972, TO REQUIRE TAXING ENTITIES TO FILE THEIR ANNUAL REPORT ON TAX REVENUES WITH THE DEPARTMENT OF REVENUE INSTEAD OF THE STATE AUDITOR; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 27-101-21, Mississippi Code of 1972, is amended as follows:
27-101-21. (1) As used in this section, the following words and phrases shall have the meanings ascribed herein unless the context clearly indicates otherwise:
(a) "Taxing entity" includes, but is not limited to, counties, municipalities, school districts, fire protection districts, road districts, water districts, sewer districts, utility districts, regional solid waste management authorities, utility authorities, drainage districts, community hospitals, community college districts and junior college districts, housing authorities, county industrial development authorities, port commissions, and any other such regional or local agencies, authorities or entities created under law.
(b) "Tax revenue" includes, but is not limited to, revenue from ad valorem taxes, local sales taxes, gaming fees and taxes, payments in lieu of taxes, state sales tax diversions, fuel tax diversions and other tax sources.
(2) (a) In addition to any
other requirements provided by law, a taxing entity shall file an annual report
with the * * *
Department of Revenue providing the amount of tax revenues received by
the taxing entity during the prior fiscal year. The report shall provide at
least the following information:
(i) The total tax revenues derived from taxes levied by the taxing entity and/or for the taxing entity;
(ii) The total tax revenues distributed to the taxing entity from state sales tax diversions, fuel tax diversions, ad valorem taxes, local sales taxes, payments in lieu of taxes, gaming fees and taxes and other tax sources; and
(iii) The sources from which the taxing entity received the tax revenues and the amounts received from each source.
(b) The report required under this subsection shall be filed by the taxing entity not later than ninety (90) days after the close of the fiscal year for which the report is prepared.
(3) The reports filed under
this section shall be posted on the * * * Department of Revenue's
website.
SECTION 2. This act shall take effect and be in force from and after July 1, 2017.
