House Bill 1563

AN ACT TO CREATE A STUDY COMMITTEE TO STUDY THE TAX SYSTEM OF THIS STATE AND TO MAKE RECOMMENDATIONS THEREON TO THE LEGISLATURE; TO REQUIRE THE BUDGET OF STATE AGENCIES BE REDUCED BY FIVE PERCENT IN FISCAL YEAR 2009; TO AMEND SECTION 27-7-5, MISSISSIPPI CODE OF 1972, TO REVISE THE TAX BRACKETS UNDER THE INCOME TAX LAW; TO AMEND SECTIONS 27-7-901 AND 27-7-903, MISSISSIPPI CODE OF 1972, TO INCREASE THE TAX LEVIED UPON AMOUNTS THAT ARE PAID OR CREDITED BY GAMING ESTABLISHMENTS TO THEIR PATRONS; TO AMEND SECTIONS 27-13-5 AND 27-13-7, MISSISSIPPI CODE OF 1972, TO INCREASE THE FRANCHISE TAX LEVY; TO AMEND SECTIONS 27-15-103 AND 27-15-109, MISSISSIPPI CODE OF 1972, TO INCREASE THE INSURANCE PREMIUM TAX; TO AMEND SECTION 27-19-43, MISSISSIPPI CODE OF 1972, TO INCREASE THE REGISTRATION FEE ON MOTOR VEHICLES; TO AMEND SECTION 27-65-17, MISSISSIPPI CODE OF 1972, TO INCREASE THE SALES TAX ON RETAIL SALES OF PRIVATE CARRIERS OF PASSENGERS AND LIGHT CARRIERS OF PROPERTY; TO AMEND SECTION 27-65-19, MISSISSIPPI CODE OF 1972, TO INCREASE THE SALES TAX ON SALES OF ELECTRICITY AND OTHER FUELS TO MANUFACTURERS, CUSTOM PROCESSORS OR PUBLIC SERVICE COMPANIES FOR INDUSTRIAL PURPOSES; TO AMEND SECTION 27-65-21, MISSISSIPPI CODE OF 1972, TO INCREASE THE CONTRACTOR'S TAX; TO AMEND SECTION 27-65-33, MISSISSIPPI CODE OF 1972, TO REMOVE THE DISCOUNT GIVEN FOR TIMELY FILING AND PAYING SALES TAXES; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF THE SALES TAX DIVERSION TO CITIES AND TO PROVIDE THAT THE ADDITIONAL SALES TAX ON MOTOR VEHICLES SHALL NOT BE DEPOSITED INTO THE MOTOR VEHICLE AD VALOREM TAX REDUCTION FUND; TO AMEND SECTION 27-65-111, MISSISSIPPI CODE OF 1972, TO REMOVE THE SALES TAX EXEMPTION ON SALES OF MOTOR FUEL AND TO EXEMPT RETAIL SALES OF CERTAIN FOOD FROM SALES TAXATION; TO AMEND SECTION 27-67-5, MISSISSIPPI CODE OF 1972, TO INCREASE THE USE TAX; TO AMEND SECTION 27-67-31, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE ADDITIONAL USE TAX ON MOTOR VEHICLES SHALL NOT BE DEPOSITED INTO THE MOTOR VEHICLE AD VALOREM TAX REDUCTION FUND; TO AMEND SECTION 27-69-13, MISSISSIPPI CODE OF 1972, TO INCREASE THE EXCISE TAX LEVIED ON CIGARETTES; TO ELIMINATE THE DISCOUNT OR COMPENSATION PROVIDED TO DEALERS AS CONSIDERATION FOR THEIR SERVICES IN AFFIXING TOBACCO TAX STAMPS REQUIRED UNDER THE STATE TOBACCO TAX LAW; TO AMEND SECTION 27-69-31, MISSISSIPPI CODE OF 1972, TO ELIMINATE THE DISCOUNT OR COMPENSATION PROVIDED TO DEALERS AS COMPENSATION FOR THEIR SERVICES IN AFFIXING TOBACCO TAX STAMPS REQUIRED UNDER THE STATE TOBACCO TAX LAW; TO AMEND SECTION 27-69-75, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PRECEDING PROVISIONS; AND FOR RELATED PURPOSES.

In the House of Representatives

• Omeria Scott

  Sponsor

l9n doesn't hold this bill's text yet.

In the House of Representatives Mar 3 – Mar 12

1. Mar 3Referred to the House committee on Ways and Means
2. Mar 12Died in committee in the House