House Bill 1725

AN ACT TO AMEND SECTION 27-65-17, MISSISSIPPI CODE OF 1972, TO REDUCE THE SALES TAX RATE ON RETAIL SALES OF FARM IMPLEMENTS SOLD TO FARMERS FOR CERTAIN AGRICULTURAL PURPOSES AND SALES OF EQUIPMENT USED IN LOGGING, PULPWOOD OPERATIONS OR TREE FARMING; TO REDUCE THE SALES TAX RATE ON RETAIL SALES OF PARTS USED IN THE REPAIR AND MAINTENANCE OF SUCH IMPLEMENTS AND EQUIPMENT AND LABOR USED IN THE REPAIR AND MAINTENANCE OF SUCH IMPLEMENTS AND EQUIPMENT; TO PROVIDE THAT IF THE SALE PRICE OF DIESEL FUEL REACHES A CERTAIN TRIGGER PRICE PER GALLON AND REMAINS AT OR ABOVE THAT LEVEL FOR AT LEAST TWELVE CONSECUTIVE WEEKS, THEN THE CHAIRMAN OF THE STATE TAX COMMISSION SHALL DETERMINE THAT A CRISIS EXISTS IN THE LOGGING INDUSTRY AND TAXPAYERS DESCRIBED IN THIS ACT SHALL BE ELIGIBLE FOR CERTAIN TAX EXEMPTIONS; TO PROVIDE THAT IF THE PRICE OF DIESEL SUBSEQUENTLY FALLS BELOW THE TRIGGER PRICE AND REMAINS BELOW THAT LEVEL FOR AT LEAST FOUR CONSECUTIVE WEEKS, THEN THE TAX EXEMPTIONS SHALL NOT APPLY FOR PURCHASES MADE DURING THE TIME THAT THE PRICE OF DIESEL IS BELOW THE TRIGGER PRICE; TO PROVIDE THAT THE STATE TAX COMMISSION SHALL REVIEW THE TRIGGER PRICE ON JANUARY 1 OF EACH YEAR AND ADJUST IT ACCORDING TO THE MOST RECENT TWO-YEAR AVERAGE PROVIDED BY THE ENERGY INFORMATION ADMINISTRATION; TO PROVIDE THAT A TAXPAYER WHO PURCHASES AND USES DIESEL FUEL IN EQUIPMENT FOR THE PURPOSE OF HARVESTING FOREST PRODUCTS IN LOGGING OR PULPWOOD OPERATIONS SHALL BE ELIGIBLE FOR AN EXEMPTION FROM PAYING THE TAX LEVIED ON DIESEL FUEL PURCHASED AND USED BY THE TAXPAYER FOR SUCH PURPOSES DURING THE PERIOD THAT THE SALE PRICE OF DIESEL FUEL EQUALS OR EXCEEDS THE TRIGGER PRICE BEGINNING WITH THE DATE ON WHICH THE CHAIRMAN OF THE STATE TAX COMMISSION DETERMINES THAT A CRISIS EXISTS IN THE LOGGING INDUSTRY; TO PROVIDE THAT A TAXPAYER WHO PURCHASES AND USES DIESEL FUEL IN A HARVEST PERMITTED VEHICLE FOR THE PURPOSE OF HAULING FOREST PRODUCTS AND AGRICULTURAL PRODUCTS SHALL BE ELIGIBLE FOR AN EXEMPTION FROM PAYING THE TAX LEVIED ON DIESEL FUEL PURCHASED AND USED BY THE TAXPAYER FOR SUCH PURPOSES DURING THE PERIOD THAT THE SALE PRICE OF DIESEL FUEL EQUALS OR EXCEEDS THE TRIGGER PRICE BEGINNING WITH THE DATE ON WHICH THE CHAIRMAN OF THE STATE TAX COMMISSION DETERMINES THAT A CRISIS EXISTS IN THE LOGGING INDUSTRY; TO AMEND SECTION 27-55-527, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; TO PROVIDE THAT AN OWNER OR OPERATOR USING CERTAIN VEHICLES EXCLUSIVELY IN LOGGING OR PULPWOOD OPERATIONS AND REGISTERED AND LICENSED IN A STATE BORDERING MISSISSIPPI, SHALL BE EXEMPT FROM THE TAX AND RECORD KEEPING REQUIREMENTS OF THE STATE COMMERCIAL CARRIERS MOTOR FUEL TAX LAW IF THE VEHICLE, AFTER ENTERING MISSISSIPPI, TRAVELS NO MORE THAN ONE HUNDRED MILES IN THE STATE BEFORE LEAVING THE STATE; TO PROVIDE THAT IN ORDER TO BE ELIGIBLE FOR THE EXEMPTION, A VEHICLE CANNOT BE AN APPORTIONED VEHICLE AND MUST BE A VEHICLE FOR WHICH A HARVEST PERMIT OR SIMILAR PERMIT HAS BEEN ISSUED BY THE LICENSING STATE; TO PROVIDE THAT THE EXEMPTION PROVIDED IN THIS ACT SHALL ONLY APPLY IF THE STATE IN WHICH THE VEHICLE IS REGISTERED AND LICENSED PROVIDES THE SAME EXEMPTIONS FOR OWNERS AND OPERATORS OF VEHICLES REGISTERED AND LICENSED IN MISSISSIPPI; TO BRING FORWARD SECTIONS 27-61-3, 27-61-5, 27-61-7, 27-61-9, 27-61-11, 27-61-12, 27-61-13, 27-61-15, 27-61-20, 27-61-21, 27-61-23, 27-61-27 AND 27-61-29, MISSISSIPPI CODE OF 1972, WHICH ARE PORTIONS OF THE STATE COMMERCIAL CARRIERS MOTOR FUEL TAX LAW, FOR THE PURPOSES OF AMENDMENT; AND FOR RELATED PURPOSES.

In the House of Representatives

• Angela Cockerham

  Sponsor

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

In the House of Representatives Feb 23 – Feb 25

1. Feb 23Referred to the House committee on Ways and Means
2. Feb 25Died in committee in the House