MS HB1362

Exempts all revenue from motor vehicle parking in airport authority parking lots and garages from state, county, and local sales tax, regardless of whether the facilities are operated by the authority, private concessionaire, or tenant.

Amends Section 61-3-21 to add a new subsection (4) establishing the parking revenue exemption from all sales taxes.

Amends Section 27-65-23 to exclude parking garage and lot income generated by airport authorities from the 7% gross income tax levied on parking facilities.

Defines "airport authority" as any authority created under Section 61-3-1 et seq.

Effective date: July 1, 2010.